OpenAI's Chief Financial Officer Sarah Friar disclosed in an interview that the company is raising an extra $10 billion from investors as part of its historic funding round. Friar stated that this new capital infusion brings the total amount raised in this round to "over $120 billion," significantly exceeding the $110 billion announced last month. OpenAI initially announced the first tranche of this round at the end of February, which is viewed as its final private fundraising round before a potential Initial Public Offering (IPO).
According to Friar, Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price are participating in the new $10 billion investment. Notably, Microsoft, a long-term investor and key computing services provider for OpenAI, is also involved in this round. Despite recent changes in the relationship between Microsoft and OpenAI, Friar commended Microsoft as "an incredible partner" and praised its CEO Satya Nadella for being "involved very early on."
"What really gives me comfort is that we've raised across the ecosystem," Friar said. She pointed out that venture capital firms, private equity funds, mutual funds, and sovereign entities have all participated. "Wherever you go, people genuinely believe in this AI revolution and are willing to put capital behind it," she added.
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