Openi seeks additional capital from investors as part of his $ 40 billion round

Openi is looking Capital from new and existing investors, two people who are familiar with the plans of the company say it to Wired. The fundraising effort is part of a $ 40 billion round announced in March. The round will reopen on Monday 28 July, according to one of the sources, which has direct knowledge of the fundraising effort.

The $ 40 billion round announced at the beginning of this year He brought Openi’s evaluation up to $ 300 billion, making it one of the most appreciated private startups in history. The round was led by the Japanese investment conglomerate Softbank, which undertook to contribute to 75 % of the total funding. The initial tranche was $ 10 billion, with $ 7.5 billion from Softbank and other $ 2.5 billion from a union of other investors. Openi is currently collecting the last $ 30 billion, with $ 22.5 from SoftBank and $ 7.5 by a union of other investors.

SoftBank’s commitment it could be cut At $ 10 billion if Openi does not renovate by the end of the year, he confirmed Wired.

Open refused to comment on the record.

Openi has collected a total of $ 63.92 billion since the company was founded in 2015, according to PitchBook. His supporters include a wide range of institutional and individual investors, including Microsoft, Andreessen Horowitz, Sequoia Capital, Founders Fund, Thrive Capital, Coatue Management, Nvidia and Reid Hoffman. Microsoft and Openi’s report is strictly intertwined, with Microsoft providing Openi with huge quantities of resources for cloud computing and Opere which gives exclusive access to Microsoft to its best models, although recently it has been reported that their relationship has complications.

Openi also collaborated with Softbank, among others, in a four -year -old data center project in which up to $ 500 billion are expected to be invested. The Wall Street Journal reported at the beginning of this week That the two entities were in contrast with some aspects of the partnership, including where to build the data centers, and that the CEO of Openi Sam Altman has made moves to sign agreements for the data centers aligned with Stargate without the Japanese society.

SoftBank refused to comment on the record.

The structure of the Openi company was also a point of dispute and classified Elon Musk, who helped launch the research laboratory with a mission to safeguard humanity against artificial general intelligence or agi. After Musk left the company’s advice at the beginning of 2018, Openi created an arm for profit, in part to make it easier to raise funds. Last year Musk sued Openai for presumably abandoning his original mission and said that the company is not just developing but is perfecting an aging [Artificial General Intelligence] To maximize profits for Microsoft, rather than for the benefit of humanity. “

In May, Openai proposed a new structure that maintains non -profit from the company’s control and transforms its current branch for profit in a company for public benefits. This new non -profit organization would hold PBC actions and the PBC would be in theory designed to give priority to returns for shareholders, also pursuing projects with clear public benefits. Softbank’s investment in Openi depends on the fact that this new structure is approved by the general lawyers in California and Delaware at the beginning of next year.

Further reports by Kylie Robison and Zoë Schiffer.