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OpenAI Reveals Additional $10 Billion Fundraising, Pre-IPO Total Financing Exceeds $120 Billion
OpenAI Chief Financial Officer Sarah Friar disclosed in an interview that as part of its historic funding round, OpenAI is raising an additional $10 billion from investors.
Friar stated that this new funding brings OpenAI's total financing for this round to "over $120 billion," far exceeding the $110 billion announced last month. OpenAI announced its first funding round at the end of February, which is viewed as its final private funding round before a potential initial public offering (IPO).
According to Friar's disclosure, Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price participated in this new $10 billion fundraising. Notably, Microsoft, as OpenAI's long-term investor and one of its major computing service providers, also participated in this round of financing.