AI
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.
A wide range of new…
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