OpenAI has secured $8.3bn in funding from a group of private equity and venture capital investors, as the $300bn artificial intelligence group looks to clear a path to an eventual initial public offering.
The ChatGPT maker is raising the new funds from a mixture of existing and new investors, including Blackstone, via its private equity strategies fund for wealthy individuals, TPG, Fidelity Management and T Rowe Price, according to people with direct knowledge of the deal.
Dragoneer Investment Group, a San Francisco-based technology-focused fund, will invest $2.8bn in the round — one of the largest start-up cheques ever written by a single company.
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