OpenAI just raised $8.3 billion at a $300 billion valuation, beating its own fundraising timeline by months, says The New York Times.
The round was originally set to hit $10 billion this year, after an initial $2.5 billion in March. But the oversubscribed deal came fast as investors rushed in. Dragoneer Investment Group led with a $2.8 billion check. New backers include Blackstone, TPG, and T. Rowe Price. Big names like Andreessen Horowitz, Sequoia, and Tiger Global also joined.
OpenAI’s revenue numbers just hit $12 billion annually, with projections climbing to $20 billion by year-end. ChatGPT weekly active users now top 700 million, reports The Information. The New York Times suggests the revenue figure might already be closer to $13 billion. 
The company is also working with Microsoft and benefiting from the Trump administration’s AI Action Plan, pushing toward full for-profit status.
Early investors are grumbling over smaller allocations as OpenAI prioritized new strategic investors this round. No official comment from OpenAI yet.
