OpenAI raises $8.3 billion at a $300 billion valuation

OpenAI raised $8.3 billion at a $300 billion valuation, outpacing 2025 funding targets. Dragoneer Investment Group led with $2.8 billion, a massive stake by founder Marc Stad. New investors, including Blackstone and TPG, joined, prioritizing strategic ties.

New investors participated in the round... 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.

Revenue reached $13 billion annually, with ChatGPT’s paid users at five million. Funds will boost AI research and infrastructure. OpenAI’s market lead sparks competition concerns. It negotiates with Microsoft for a for-profit shift, eyeing an IPO. “The investment represents about 10 percent of the firm’s funds,” Stad said.