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Fortune
Fortune
Dave Smith

OpenAI’s latest funding round was so popular early investors were reportedly miffed about being pushed aside to make room for new partners

OpenAI CEO Sam Altman smiles wearing sunglasses (Credit: Kevin Dietsch—Getty Images)
  • OpenAI just raised $8.3 billion in a fresh round led by Dragoneer Investment Group. The AI startup is well on its way to raising $40 billion by year’s end.

Back in March, OpenAI announced a plan to raise up to $40 billion at a $300 billion valuation by the end of the year, with $10 billion becoming immediately available (thanks to SoftBank, which footed 75% of the bill), and the remaining $30 billion arriving by the end of the year.

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