OpenAI announced Monday it is raising up to $40 billion in the biggest-ever funding round for a startup by far.

Investors say competition for artificial intelligence startups is fierce, and OpenAI’s $40 billion fundraise proved it.

This latest fundraise follows Innovist's INR 58 crore Series A round in November 2023, bringing its total capital raised to over USD 26 million to date.

The company aims to build an AI-powered discovery platform for defense attorneys, backed by venture capital firm UpWest, ...