OpenAI, the creators of ChatGPT, have raised $30 billion at a post-money valuation of $300 billion.
The funding will be used to continue AI research, scale computer infrastructure and build more products.
SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive.
Last week, OpenAI launched GPT‑4o’s image generation capabilities which has proven to be a hit with users using it to create Studio Ghibli-like images.
According to co-founder and CEO Sam Altman, ChatGPT added one million users "in the las hour."