OpenAI raises additional money to bring record funding round to $120 billion, CFO tells Cramer [CNBC]
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Source: CNBC
“It didn't matter where you went, people really believed in this AI revolution and they wanted to put their money to work behind it,” Friar said. OpenAI is raising an additional $10 billion from investors as part of its historic funding round, CFO Sarah Friar told CNBC's Jim Cramer on Tuesday. The fresh capital brings OpenAI's record fundraise to “north of $120 billion,” Friar said in an interview on “Mad Money.” That well exceeds the ChatGPT creator's initial target of $100 billion. OpenAI announced the first tranche of investment in late February, and it's been seen as potentially its last private fundraise before a potential blockbuster initial public offering Andreessen Horowitz, D.E. Shaw, MGX, TPG and T. Rowe Price are participants in the new $10 billion commitment, according to Friar. Additionally, Microsoft , a longtime investor in OpenAI and one of its major computing providers, is joining this part of the funding round. While the relationship between Microsoft and Ope
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