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OpenAI’s $40 billion funding boosts AI stocks and tokens

OpenAI’s $40 billion funding boosts AI stocks and tokens

GrafaGrafa2025/04/04 06:30
By:Mahathir Bayena

OpenAI’s announcement of a $40 billion funding round has sparked renewed investor interest in artificial intelligence (AI) stocks and tokens, driving gains across the sector.

The funding, led by SoftBank and supported by Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital, values OpenAI at $300 billion.

This development has reassured markets about the strong appetite for AI-related investments despite broader economic uncertainty.

CoreWeave (CRWV), an AI cloud computing company that recently debuted on Nasdaq, saw its shares surge by 38% on Tuesday following the announcement.

CoreWeave had struggled initially, with its stock falling below its $40 IPO price after listing last Friday.

The funding round appears to have reignited confidence in AI startups, reversing the downward trend.

The positive sentiment extended to digital assets linked to AI technologies.

Tokens such as Render (CRYPTO:RENDER), Bittensor (CRYPTO:TAO), Near Protocol (CRYPTO:NEAR), and Internet Computer (CRYPTO:ICP) all posted gains, with RENDER leading the group at a 7.4% increase.

The broader CoinDesk20 Index also rose by 3%, reflecting improved market conditions for digital assets.

OpenAI plans to use the $40 billion to expand its compute infrastructure and advance artificial general intelligence (AGI).

“This funding enables us to push the frontiers of AI research even further,” OpenAI stated in its announcement.

Additionally, $18 billion of the capital will be allocated to Stargate, a joint initiative with SoftBank aimed at building AI data centers in the U.S.

The funding comes amid heightened competition in the AI sector.

OpenAI’s ChatGPT continues to dominate the generative AI landscape, boasting 400 million weekly users.

Analysts have highlighted OpenAI’s potential to rival tech giants like Google in shaping internet traffic and AI applications.

The announcement has provided a much-needed boost to both traditional and digital markets tied to AI innovation.

As investor sentiment improves, companies like CoreWeave and OpenAI are positioned to benefit from growing demand for advanced AI solutions and infrastructure.

However, sustained momentum will depend on broader economic stability and continued advancements in AI technology.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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