OpenAI has secured its $40 billion in fresh funding from SoftBank — probably. The FT lists $30 billion from SoftBank and $10 billion more from Microsoft and various venture capital funds. [OpenAI; FT, archive]
That $30 billion from SoftBank may not exist yet. SoftBank is currently looking for someone to loan them $16 billion to help fund all of this. [Bloomberg, archive]
If OpenAI doesn’t transition by the end of 2025 to being a for-profit company, that $30 billion from SoftBank becomes only $20 billion.
It sounds like they did a deal to try to do an actual deal. If everything goes well.
So let’s pump up the user base! OpenAI is now giving out trial signups so current customers can get their friends in. And Sam Altman claimed on Monday afternoon that putting GPT-4o with images into ChatGPT “added one million users in the last hour.” [Twitter, archive]
OpenAI is not adding users to become profitable — it still loses money on every query. It’s adding users to sell a story to investors.
Sam next big pre-announcement is an “open weights” AI model that you can download and run at home, coming “this summer.” This is entirely to fight off Llama and DeepSeek. [Twitter, archive]
Sam still has his proof-of-eyeballs cryptocurrency, Worldcoin, with a new programme to pay people to develop for it in the hope of drumming up any sort of user interest. Top Worldcoin developers could earn up to $25,000 a week! Paid in Worldcoin, not actual money. [Business Insider, archive]