Silicon Republic May 25, 2023
According to a filing made by CEO Sam Altman, the latest OpenAI fund is 75pc higher than the company had initially raised during launch.
OpenAI has raised more than $175m to invest in other AI start-ups, according to a securities filing.
Sam Altman, chief executive of the start-up behind ChatGPT, made the filing yesterday (24 May) with the US Securities and Exchange Commission, with a total offering amount of $175.25m for the OpenAI Startup Fund I.
The latest funding raise is backed by 14 investors according to The Information, which first reported on the story. The amount marks a 75pc jump over the $100m it had initially said it raised in May 2021, when the Microsoft-backed fund was first launched.
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