OpenAI raises $8.3 billion at $300 billion valuation, months ahead of schedule

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OpenAI has secured $8.3 billion in new funding, valuing the company at an estimated $300 billion, according to The New York Times. The oversubscribed round came months ahead of schedule.

Back in March, OpenAI shared plans to raise significant capital, with SoftBank expected to invest up to $30 billion by the end of the year. At that time, the company had already raised $2.5 billion from venture capital firms, aiming to bring in another $7.5 billion before year-end. However, the funding came in faster and well above target.

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OpenAI raises $8.3 billion at $300 billion valuation, months ahead of schedule



OpenAI has secured $8.3 billion in new funding, valuing the company at an estimated $300 billion, according to The New York Times. The oversubscribed round came months ahead of schedule.

Back in March, OpenAI shared plans to raise significant capital, with SoftBank expected to invest up to $30 billion by the end of the year. At that time, the company had already raised $2.5 billion from venture capital firms, aiming to bring in another $7.5 billion before year-end. However, the funding came in faster and well above target.

A wide range of new…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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