Official announcements from OpenAI or reputable financial news sources

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

Sep 19, 2024, 10:18 PM

OpenAI, the developer of ChatGPT, is in the process of closing a $6.5 billion funding round, with the demand for participation being exceptionally high. Investors are required to contribute a minimum of $250 million to be part of this latest mega-financing effort. The company will announce on Friday which backers will be granted access to this funding round. Reports indicate that the fundraising round was oversubscribed, leading OpenAI to turn down billions of dollars in potential investments.