OpenAI has successfully raised $8.3 billion in a recent funding round, bringing its valuation to approximately $300 billion, as reported by The New York Times. This oversubscribed round was accelerated as part of OpenAI’s aim to secure $40 billion within the year. Earlier in March, the company outlined plans to attract substantial investment, with SoftBank expected to contribute up to $30 billion. Joining this funding round are notable investors such as Blackstone, TPG, T. Rowe Price, Fidelity, Sequoia Capital, and more. The largest investment was from Dragoneer Investment Group, totaling $2.8 billion. OpenAI’s annual recurring revenue has surged from $10 billion in June to $13 billion, with projections exceeding $20 billion by year’s end. Additionally, the user base for ChatGPT has expanded rapidly, increasing from three million to five million users in just a few months. This growth reflects OpenAI’s strategic position in the AI sector.
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