OpenAI has secured a $40 billion funding round from SoftBank Group Corp. and other investors, bringing the company’s valuation to $300 billion, as reported by Bloomberg. This funding round is the largest private tech deal on record, according to PitchBook data. SoftBank will initially invest $7.5 billion, with plans for an additional $30 billion by the end of 2025, as noted by multiple sources. OpenAI intends to complete a corporate restructuring by the end of the year to gain independence from its nonprofit governance, or it risks SoftBank reducing its investment to $20 billion.