Artificial intelligence startup OpenAI is in early discussions for a funding round that could value it at a whopping $340 billion, according to The Wall Street Journal, which would more than double its valuation amid competitive threats from up-and-coming Chinese AI firm DeepSeek.

OpenAI is seeking to raise up to $40 billion in new funding at a valuation of $340 billion, the Wall Street Journal reported today.

OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed.

OpenAI is in early talks to raise up to $40B in a funding round that would value the ChatGPT maker at $340B, The Wall Street Journal’s Berber

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Wall Street Journal reported that OpenAI in talks to raise new $40 billion funding, at a valuation of $340 billion.

OpenAI is reportedly in talks to raise $40bn in a funding round led by SoftBank, taking the nine-year-old start-up to a $340bn valuation.

The San Francisco-based company was last valued at $157 billion in October, when it secured $6.6 billion of investment. Microsoft led a previous round of financing totalling $10 billion, integrating OpenAI’s technology into its suite of Office products and significantly boosting the AI startup’s profile.