Aug. 5 at 5:20 PM
$SSSS
- "OpenAI has raised
$8.3 billion at a
$300 billion valuation, months ahead of schedule, as part of its plan to secure
$40 billion in funding this year, DealBook has learned. Back in March, OpenAI announced its ambitious funding plans, with SoftBank committing to provide
$30 billion by year-end."
- "A wave of new investors participated in the round, including the private equity giants Blackstone and TPG, and the mutual fund manager T. Rowe Price. Other participants include Fidelity Management, Founders Fund, Sequoia Capital, Andreessen Horowitz, Coatue Management, Altimeter Capital, D1 Capital Partners, Tiger Global and Thrive Capital."
....