OpenAI Nears Completion Of $40B Fundraising Led By SoftBank

by News Editor

March 28, 2025

OpenAI, the trailblazer in the AI domain, is closing in on an impressive $40 billion funding milestone, spearheaded by Japan’s tech giant SoftBank. OpenAI is not just stopping there, as other investors are queuing to join this mega-round. Among the interested parties are Magnetar Capital, proposing an impressive $1 billion, along with Coatue Management, Founders Fund, and Altimeter Capital Management.

SoftBank’s contributions could be broken down into two tranches: an initial $7.5 billion, along with $2.5 billion from a group of syndicated investors. Later this year, SoftBank plans to add another $22.5 billion, with an extra $7.5 billion set to be syndicated. With this surge in funding, OpenAI’s valuation is set to skyrocket to a staggering $300 billion, compared to its previous $157 billion valuation secured in October 2024 with a $6.6 billion round led by Thrive Capital.

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This financial leap signifies an evolving commitment to AI innovation, with OpenAI poised to potentially play a pivotal role in the tech world.

Explore how shifts like these align with broader industry trends in our piece on Europe’s Fintech Unicorns: Who’s Making Money?

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Cyprus 2025 State Budget: A Detailed Analysis Of Revenue And Expenditure Implementation

by THEFUTURE.TEAM

February 25, 2026

Budget Overview

Cyprus recorded an 87% revenue implementation rate and a 92% expenditure implementation rate in the 2025 state budget, according to the latest Treasury report. Total revenue reached €10.20 billion, compared with €10.81 billion in 2024, while total expenditure amounted to €11.99 billion versus €12.42 billion a year earlier.

Revenue Trends And Tax Contributions

The decline in revenue was mainly linked to a €1.07 billion drop in loan withdrawals. This was partly offset by stronger tax collection. Direct taxes increased by €0.37 billion, while indirect taxes rose by €0.17 billion.

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VAT revenue grew by 4% to €3.16 billion, reflecting an increase of €0.08 billion. Direct taxes rose by 6% to €3.79 billion, supported by higher personal and corporate income tax receipts.

Expenditure Dynamics And Social Investments

Overall expenditure declined slightly, largely due to a €0.84 billion reduction in loan repayments. At the same time, social benefits increased by 5% to €2.02 billion, mainly driven by an €0.08 billion rise in healthcare-related spending.

Transfers and grants rose 11% to €1.93 billion, reflecting higher contributions to the Social Insurance Fund and increased support for municipalities. Operating expenses fell by 3% to €1.12 billion, while payroll, pensions, and gratuities remained stable at €3.52 billion.

Capital Expenditure And Co-Financed Projects

Capital expenditure reached €469.3 million. Key allocations included road infrastructure (€97.3 million) and construction projects (€77.4 million), alongside investments in water systems, government buildings, and school expansions.

Co-financed projects implemented €336.3 million. Funding covered initiatives such as subsidies for childcare and nutrition programs for children under four, as well as residential energy-efficiency upgrades.

Comparative Analysis And Development Expenditure

The average state budget expenditure implementation rate over the past decade stands at 91%. Development expenditure implementation reached 81% in 2025, exceeding the ten-year average of 69%.

The data indicates continued fiscal discipline combined with increased execution of development projects and targeted social spending.

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