OpenAI Scores Record $40 Billion Funding Round
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The agreement translates to a $300 billion "post-money" valuation, according to OpenAI.
From Fox Business
If we put that to the side, AI startups in Q1 raised less than half of what was doled out in Q4 last year, getting about $19.6 billion, per Crunchbase data.
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Shared on the OpenAI website, the latest round of funding totals plans to invest $40 billion into the company, for a company valuation of $300 billion. The blog post states this "enables us to push the frontiers of AI research even further" and finishes off by bragging that ChatGPT is used by 500 million people every week.
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By Cade Metz Reporting from New York OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago.