Open AI secures record $8.3 billion funding round

OpenAI raises over $8 billion in funding

OpenAI raises another $8 billion in funding.

OpenAI's wildly popular funding round had early backers sidelined to make room for new investors

OpenAI has secured $8.3 billion in Series A funding at the same $300 billion valuation reported earlier this year, bringing the ChatGPT maker closer to its ambitious $40 billion fundraising goal for 2025. The round, led by Dragoneer Investment Group's remarkable $2.8 billion investment, was five times oversubscribed. Notably, this is said to have created tensions among the participants, as some early investors received smaller allocations to acc…

Open AI secures record $8.3 billion funding round

OpenAI has completed a new round of investments worth 8.3 billion dollars, bringing the total value of the company to about 300 billion dollars. This is the largest single move in the history of the AI industry, and it's all part of a broader plan to raise as much as $40 billion in capital by the end of 2025. As The New York Times writes, the interest was so great that the entire process was completed before the scheduled deadline. It is obvious…