After getting epically roasted by an upstart competitor, OpenAI is seemingly refusing to reevaluate its approach, asking investors to close their eyes and give them another $40 billion anyway, pretty please. As the Wall Street Journal reports, the Sam Altman-led company is in early talks for a new round of funding that would value it at a gargantuan $340 billion — which would put it among the 30 biggest companies in the world by market cap, not to mention more than twice the $157 billion it was valued at in October. Despite its sky-high valuation, it bears repeating that OpenAI isn’t expected to make virtually any profit until 2029, at the very earliest — and even that’s a highly optimistic read of the situation, given the many shortcomings still plaguing the tech. For evidence, look no further than the WSJ’s diplomatic phrasing: the “startup also expects to use the cash to fund its money-losing business operations.” OpenAI is looking to raise funds at least in part to fulfill its promise of committing roughly $18 billion to president Donald Trump’s shiny AI infrastructure initiative. The project, dubbed Stargate, is aiming to raise as much as half a trillion dollars in a matter of four years — plans that were met with plenty of skepticism. Fellow Stargate signee SoftBank is said to lead OpenAI’s latest round of funding, contributing anywhere from $15 to $25 billion, according to the WSJ. The timing of the latest revelation is striking, to say the least. Earlier this…OpenAI Asking for Tens of Billions in New Investment to "Fund Its Money-Losing business Operations"