OpenAI Raises $8.3 Billion Funding Round at $300 Billion Valuation
Description
OpenAI Raises $8.3B in Funding. The company's valuation has risen to $300 billion. Investors included Dragoneer Investment Group, Blackstone, TPG, and others. OpenAI has raised $8.3 billion in funding at a $300 billion valuation, significantly ahead of initial expectations. This funding round was oversubscribed by a factor of five, leading to reduced allocations for some early investors as the company prioritized strategic partners. Both existing and new strategic investors participated in the r...
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