OpenAI raised 8.3 billion USD, achieving a valuation of 300 billion USD. This funding aids in preparing for an IPO and expanding services. Crucial investors included Dragoneer, who led with 2.8 billion USD, and new entrants like Blackstone and TPG.
OpenAI’s annual recurring revenue now stands at 13 billion USD, up from 10 billion USD earlier this year, with targets of exceeding 20 billion USD by year-end. The user base for ChatGPT has also seen substantial growth from 3 million to 5 million.
The funding attracted a mix of new and existing investors, demonstrating a robust market interest in OpenAI. Discussions with Microsoft about transitioning to a for-profit model continue, impacting future IPO prospects.
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