OpenAI may have billions of dollars in the bank. But it's gearing up to raise billions more, according to a Wall Street Journal report.

OpenAI is seeking to raise up to $40 billion in new funding at a valuation of $340 billion, the Wall Street Journal reported today.

SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company.

SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, Reuters had reported on Wednesday, citing a person familiar with the matter.

From IBM's solid quarterly numbers to Microsoft's weak earnings show, here's a look at some of the major developments from across the world.

SoftBank would lead the $40 billion round for the ChatGPT maker, some of which would go to the Stargate AI infrastructure venture.

Artificial intelligence startup OpenAI is in early discussions for a funding round that could value it at a whopping $340 billion, according to The Wall Street Journal, which would more than double its valuation amid competitive threats from up-and-coming Chinese AI firm DeepSeek.

OpenAI is in talks to raise new capital at a valuation of up to $340 billion valuation, CNBC has confirmed; SoftBank would contribute $15 billion to $25 billion of the roughly $40