Goldfinch Finance reports that on March 25th, OpenAI’s Chief Financial Officer Friel said in an interview on the “Crazy Money” program that as part of its historic fundraising, the company is raising an additional $10 billion from investors. This new funding brings OpenAI’s total record-breaking financing to over $120 billion, far exceeding its initial target of $100 billion. OpenAI announced its first round of investment in late February, which is seen as its last private funding before a major IPO. Additionally, Microsoft has also joined this round of funding. Although Microsoft’s relationship with OpenAI has changed, Friel called Microsoft a great partner and praised CEO Nadella for getting involved early. Friel said participants include venture capital, private equity, mutual funds, and sovereign entities. “Wherever you look, people truly believe in this AI revolution and want to invest in it.”
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