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- OpenAI said to raise $40B at $300B in new funding round
OpenAI said to raise $40B at $300B in new funding round
Bay Area Times
January 31, 2025
Top stories today:
- OpenAI said to raise $40B at $300B in new funding round
- OpenAIās o3 comes out today: chief global affairs officer
- Ai2 brings TĆ¼lu 3 405B open-weight model, challenging DeepSeek V3
- Trumpās DOJ sues HPE to block $14B deal to buy Juniper Networks
- Microsoft makes OpenAIās o1 reasoning model free for all Copilot users
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. OpenAI said to raise $40B at $300B in new funding round
SoftBank is said to lead the round with a $15-$25B investment.
$340B: initial negotiations.
Sam Altman urged D.C. officials on Thu to support their $100B Stargate project.
3. OpenAIās o3 comes out today: chief global affairs officer
āWe as the U.S., because of OpenAI, continue to maintain a lead. We need the infrastructure because infrastructure is destiny here if the U.S. wants to win this race.ā
4. Ai2 releases TĆ¼lu 3 405B open-weight model, challenging DeepSeek V3, OpenAIās GPT-4o
TĆ¼lu 3 405B has outperformed DeepSeek V3, GPT-4o, and Llama 3.1 405B Instruct on benchmarks including PopQA, GSM8K, and HumanEval, per Ai2:
