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title: OpenAI to hit $340B valuation with record raise of $40B funding
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The California-based artificial intelligence pioneer is reportedly in discussions to raise up to $40 billion in a new funding round, potentially pushing its valuation to $340 billion amid growing competition in the AI space.

| View in browser THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS PHOTO: JERNEJ FURMAN OpenAI to hit $340B valuation with record raise of $40B funding The California-based artificial intelligence pioneer is reportedly in discussions to raise up to $40 billion in a new funding round, potentially pushing its valuation to $340 billion amid growing competition in the AI space. Read here Hewlett Packard’s $14B Juniper deal in review The US Department of Justice has sued to block HP Enterprise's offer to acquire the California-based networking gear maker, arguing that it would stifle competition, according to a complaint. Read here PHOTO: LPS.1 NGP explores $2B sale of gas producer Camino The Texas-based private equity firm specializing in energy investments is considering selling one of the largest privately held natural gas producers in Oklahoma’s hydrocarbon-rich Anadarko Basin. Read here PHOTO: MARELBU NEWS WORTH NOTING Google quietly announces its next flagship AI model The California-headquartered tech giant took the low-key route for the launch of its next-gen flagship AI model Gemini 2.0 Pro Experimental by revealing the model in a changelog for its Gemini chatbot app. Read here PHOTO: OUTREACHPETE DEALS ROUNDUP Apple tops 1 billion subscriptions, nearly $100B in revenue Nationwide to buy Allstate’s $1.25B stop-loss insurance arm Sound Point Capital weighs $1B plus sale of auto lender GLS  Blackstone’s profit surges as dealmaking rebounds on CRE DataBank receives $250M from TJC and $600M share sale Rad AI raises $60M in Series C led by Transformation Capital   Motif gets $46M in seed and Series A fundings led by CapitalG Closinglock snags $34M in Series B round to expand use cases Seraphic Security completes $29M in Series A funding round Kode Health nabs $27M Series B funding led by Noro-Moseley INTERNATIONAL MARKETS Unicorn ElevenLabs raises $180M at $3.3B valuation  The British AI voice cloning startup aiming to establish speech as the new standard for digital interaction has concluded a funding round co-led by a16z and ICONIQ Growth. Read here Goldman Sachs may sell Russian unit to Balchug President Vladimir Putin has authorized the purchase of the US investment bank’s subsidiary by the Moscow-based private equity and investment firm. Read here ITV, RedBird IMI in talks to merge production units The British broadcaster has been holding early-stage negotiations with the Abu Dhabi-backed investment firm about a possible combination of their respective businesses. Read here Nippon Steel starts bid to acquire Sanyo Special Steel The Japanese steel manufacturing giant is set to launch a $456 million tender offer at $17.78 a share to make its Aichi Prefecture-based peer a wholly owned unit. Read here Know someone who would benefit from the Cyndx platform?   Join our Referral Program and be compensated! SUBMIT A NAME NOW Join Our LinkedIn Community Questions? Please email us at marketing@cyndx.com.  Did a friend forward you this email? Subscribe here. Cyndx Networks LLC, 525 Okeechobee Blvd. #840, West Palm Beach, Florida 33401 Unsubscribe Manage preferences |
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