Mar 31, 2025 - Business

OpenAI says it's now worth $300 billion

Dan Primack

Photo illustration of Sam Altman waving in front of a pile of money. — Rebecca Zisser / Axios

OpenAI on Monday said that it raised $40 billion, led by Japan's SoftBank, at a $300 billion post-money valuation.

Why it matters: This is the largest venture capital round ever, which is the same thing we wrote last fall when OpenAI raised a measly $6.6 billion.

It also comes on the heels of OpenAI releasing a ChatGPT image generator, which was met with both user enthusiasm and new copyright concerns.

Zoom in: SoftBank provided 75% of the money, with the remainder coming from Microsoft, Coatue, Altimeter, and Thrive Capital.

Go deeper, via Bloomberg: "The San Francisco-based company generated $3.7 billion in revenue last year, according to a person familiar with the matter ... [and] expects sales to continue growing at a fast clip, more than doubling next year to $29.4 billion.

"Still, OpenAI is also confronting significant costs from the chips, data centers and talent needed to develop cutting-edge AI. It doesn't expect to be cash-flow positive until 2029."

Editor's Note: This story has been updated with details on OpenAI's fundraising.

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OpenAI says it's now worth $300 billion

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