OpenAI reportedly raises $8.3B at $300B valuation
ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table amid impressive growth. On Thursday, The Information reported OpenAI hit $12 billion in annualized revenue and surpassed 700 million ChatGPT weekly active users. The Times today said that the number is closer to $13…
