OpenAI’s Valuation Explodes to $300,000,000,000 Following New $8,300,000,000 Fundraising Round: Report

The New York Times is reporting that OpenAI has secured $8.3 billion in a new round of funding, months ahead of schedule.

According to the NYT report, this round of investors, which includes Blackstone, TPG, T. Rowe Price, Fidelity, Andreessen Horowitz, and other financial giants, has helped blow up OpenAI’s valuation to $300 billion.

OpenAI has been planning to raise $40 billion by the end of 2025. When OpenAI announced its ambitions back in March, SoftBank immediately provided $30 billion towards the goal.

Now, in addition to $2.5 billion from venture capitalists earlier this year, OpenAI has raised a reported $40.8 billion, way ahead of schedule.

For its latest round, OpenAI’s biggest investor was Dragoneer Investment Group, a venture capitalist firm that coughed up $2.8 billion for the leading AI project.

Furthermore, OpenAI’s revenues are up $3 billion over the last month, with paid subscribers reaching the 5 million mark.

Co-founder Sam Altman’s other project, the ID-focused crypto Worldcoin (WLD), has also been growing this year, launching in the US in May.

Despite the expansion of iris-scanning devices, WLD is dipping alongside the rest of the crypto markets, trading for $0.987 at time of writing, about even with its position three months ago, and down 52% since last year.

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The post OpenAI’s Valuation Explodes to $300,000,000,000 Following New $8,300,000,000 Fundraising Round: Report appeared first on The Daily Hodl.

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