- The company is now valued at about $27-29 billion
- External investors now own more than 30% of OpenAI
The OpenAI startup has received new funding of $300 million by selling shares.
Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global and Founders Fund were among the companies that acquired shares.</nbsp;
In total, venture capital funds invested just over $300 million at a valuation of about $27-29 billion..
However, that doesn’t take into account the investment that tech giant Microsoft made in January 2023.
Microsoft’s investment has a strong strategic focus, and the company plans to integrate OpenAI technology into a number of sectors of its business.
Venture capital funds are the financial backers. According to the source, the investors have signed the agreement and transferred the money, with a counter-signing from OpenAI still to come..
These investments were scheduled to be made public next week. In total, outside investors now own more than 30% of OpenAl.
A short time ago, OpenAI’s CTO said that governments should participate in the management of AI. Mira Murati stated:
“Governments should approve regulatory rules – at least at the company level. They have to agree on a certain level of standards.”
And in late March, OpenAI was the subject of a complaint to the FTC. The company has been accused of deception and unfair practices.
The company has been accused of deception and unfair practices.