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OpenAI raises additional money to bring record funding round to $120 billion, CFO tells Cramer [CNBC]

Microsoft Corporation (MSFT)  More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
“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 [Read more]
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Stockreport

OpenAI raises additional money to bring record funding round to $120 billion, CFO tells Cramer [CNBC]

Microsoft Corporation  (MSFT) 
More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
“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 [Read more]
IMPACT SNAPSHOT
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MSFT
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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%
PRICE CHANGE
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%
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS