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DealBook|Exclusive: OpenAI Secures Another Giant Funding Deal
  
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openai-ai-mega-funding-deal.html

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DealBook

Exclusive: OpenAI Secures Another Giant Funding Deal

The venture capital round values the ChatGPT maker at $300 billion,
and underscores the fierceness of the A.I. money race.

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By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la
Merced and Danielle Kaye

Aug. 1, 2025Updated 12:13 p.m. ET
Image
ImageSam Altman, the C.E.O. of OpenAI, gestures with his hands as he
turns to his right to speak.
Sam Altman, the C.E.O. of OpenAI, is riding high. The start-up has
raised over $8 billion in its latest funding round, DealBook reports.
Credit...Jeenah Moon for The New York Times

Andrew here. It's a huge morning of news: We have an exclusive on
OpenAI's latest fund-raising round, with some new boldfaced investor
names and one big check; we sort through the latest tariff news and
what comes next; we also dive into Figma's I.P.O. for the ages, and
more.

And stay tuned for the jobs numbers, which come out shortly.

OpenAI's latest mega-round

While Wall Street has been focused on how tech giants are spending on
artificial intelligence, the most prominent name in the field,
OpenAI, has been racking up big money as well.

DealBook is first to report on the huge numbers, and what the round
means for the company behind ChatGPT in the increasingly heated A.I.
race.

OpenAI has raised $8.3 billion at a $300 billion valuation, months
ahead of schedule, as part of its plan to secure $40 billion in
funding this year, DealBook has learned. Back in March, OpenAI
announced its ambitious funding plans, with SoftBank committing to
provide $30 billion by year-end.

The start-up raised $2.5 billion from venture capital firms that same
month, with plans to raise an additional $7.5 billion by the end of
the year. Instead, the fund-raising came much sooner -- and over
target.

A wave of new investors participated in the round, including the
private equity giants Blackstone and TPG, and the mutual fund manager
T. Rowe Price. Other participants include Fidelity Management,
Founders Fund, Sequoia Capital, Andreessen Horowitz, Coatue
Management, Altimeter Capital, D1 Capital Partners, Tiger Global and
Thrive Capital.

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