OpenAI’s Valuation Explodes to $300,000,000,000 Following New $8,300,000,000 Fundraising Round: Report

Description

The New York Times is reporting that OpenAI has secured $8.3 billion in a new round of funding, months ahead of schedule. According to the NYT report , this round of investors, which includes Blackstone, TPG, T. Rowe Price, Fidelity, Andreessen Horowitz, and other financial giants, has helped blow up OpenAI’s valuation to $300 billion. OpenAI has been planning to raise $40 billion by the end of 2025. When OpenAI announced its ambitions back in March, SoftBank immediately provided $30 billion tow...