- Now the company’s valuation is approximately $27-29 billion.
- External investors now own over 30% of OpenAI shares
Startup OpenAI received new financing of $300 million through the sale of shares. Among the companies that acquired shares were Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global and Founders Fund.
Overall, venture capital funds have invested just over $300 million at a valuation of around $27-29 billion. However, this does not include investments made by tech giant Microsoft in January 2023.
Microsoft’s investment has a strong strategic focus, and the company plans to integrate OpenAI technologies into a number of its business sectors. Venture funds act as financial sponsors.
According to the source, the investors signed the terms of the agreement and transferred the money, there is still a counter signing by OpenAI ahead. The investment was scheduled to be made public next week. Overall, outside investors now own more than 30% of OpenAl’s shares.
Recently, the CTO of OpenAI stated that governments should be involved in the governance of AI. Mira Murati stated:
“Governments should approve the rules of regulation – at least at the company level. They have to agree on a certain level of standards.”
And at the end of March, OpenAI filed a complaint with the FTC. The company is accused of fraud and unfair practices.