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OpenAI reportedly raises $8.3B at $300B valuation


The oversubscribed round came months ahead of schedule, and is part of OpenAI's strategy to raise $40 billion.

The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table amid impressive growth. Rebecca Bellan is a senior reporter at TechCrunch, where she covers Tesla and Elon Musk’s broader empire, autonomy, AI, electrification, gig work platforms, Big Tech regulatory scrutiny, and more. Previously, she covered social media for Forbes.com, and her work has appeared in Bloomberg CityLab, The Atlantic, The Daily Beast, Mother Jones, i-D (Vice) and more.

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