OpenAI has secured $40 billion in new funding at a post-money valuation of $300 billion. This influx of capital will enable the company to accelerate its research into artificial general intelligence (AGI) and scale its compute infrastructure. The funds will also be used to develop more powerful tools for users of ChatGPT, which has 500 million weekly users. --- Why it matters: This funding is significant because it allows OpenAI to further invest in AGI research, a topic of great interest and importance to the AI community. Engineers and researchers can expect new breakthroughs and advancements in this area as a result of the increased resources. Source: https://openai.com/index/march-funding-updates