OpenAI completes $300M share sale at a valuation of $27B-29B

  • OpenAI, the startup behind the ChatGPT conversational AI model, has gained new backers.
  • VC firms such as Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, and more have invested in OpenAI.
  • The money from VCs reported here, part of a tender offer, is separate from the Microsoft investment, which closed in January.
  • OpenAI has closed a $300M share sale at a valuation of $27B-29B.


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