Official announcement from OpenAI or credible technology news sources

OpenAI Nears Completion of $6.5 Billion Funding Round with $250 Million Minimum

Sep 19, 2024, 10:18 PM

OpenAI's latest fundraising round is nearing completion, with the company set to decide on Friday which investors will be allowed to participate in the $6.5 billion funding. The round has seen overwhelming demand, leading OpenAI to set a minimum investment requirement of $250 million. Despite the high interest, the ChatGPT developer has had to turn down billions of dollars in potential investments as the round was oversubscribed.