OpenAI Closes $300 Million Funding Round At  $29B Valuation

OpenAI closes $300 million funding round at $27 billion-$29 billion valuation

OpenAI has raised over $300 million from venture capitalist firms including Sequoia Capital, Tiger Global,, according to TechCrunch.

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This is in addition to a previous investment of around $10 billion from Microsoft, which came with a strategic partnership for integration of OpenAI's technology.

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The latest investment represents the closing of a tender offer that was reported in January.

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OpenAI now has over 30% of its equity owned by outside investors.

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OpenAI's conversational AI model ChatGPT has attracted over one billion visitors to its website and has been used by hundreds of businesses.

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OpenAI's GPT technology has been controversial, with concerns over the potential for lies, manipulation and privacy violations.

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OpenAI has acknowledged these concerns and introduced a paid version of ChatGPT with a faster user experience, and has continued to develop its services.

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