OpenAI’s Valuation Explodes to $300,000,000,000 Following New $8,300,000,000 Fundraising Round: Report

The New York Times is reporting that OpenAI has secured $8.3 billion in a new round of funding, months ahead of schedule.

According to the NYT report , this round of investors, which includes Blackstone, TPG, T. Rowe Price, Fidelity, Andreessen Horowitz, and other financial giants, has helped blow up OpenAI’s valuation to $300 billion.

OpenAI has been planning to raise $40 billion by the end of 2025. When OpenAI announced its ambitions back in March, SoftBank immediately provided $30 billion towards the goal.

Now, in addition to $2.5 billion from venture capitalists earlier this year, OpenAI has raised a reported $40.8 billion, way ahead of schedule.

For its latest round, OpenAI’s biggest investor was Dragoneer Investment Group, a venture capitalist firm that coughed up $2.8 billion for the leading AI project.

Furthermore, OpenAI’s revenues are up $3 billion over the last month, with paid subscribers reaching the 5 million mark.

Co-founder Sam Altman’s other project, the ID-focused crypto Worldcoin ( WLD ), has also been growing this year, launching in the US in May.

Despite the expansion of iris-scanning devices, WLD is dipping alongside the rest of the crypto markets, trading for $0.987 at time of writing, about even with its position three months ago, and down 52% since last year.

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