OpenAI, a high-profile artificial intelligence company, is set to complete a $40 billion fund-raising deal led by Softbank, doubling its valuation to $300 billion. This would make OpenAI one of the most valuable private companies in the world, alongside SpaceX and ByteDance. The deal shows investors’ bullishness on AI market leaders, despite recent market turbulence. A rival company called DeepSeek recently unveiled technology challenging OpenAI’s dominance, claiming to have built a powerful AI system with significantly fewer chips and lower costs. However, many experts believe that companies like OpenAI, with access to massive computing power, will continue to lead the market. OpenAI, SoftBank, and Oracle recently announced a $100 billion investment in building new computer data centers in the U.S. to support AI development. It is worth noting that The New York Times has sued OpenAI and its partner, Microsoft, for copyright infringement related to A.I. content, which the companies deny.
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