{"id":39462,"date":"2025-08-02T01:51:08","date_gmt":"2025-08-02T01:51:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/39462\/"},"modified":"2025-08-02T01:51:08","modified_gmt":"2025-08-02T01:51:08","slug":"openai-just-raised-another-8-3-billon-in-a-funding-round-that-values-it-at-an-unbelievable-300b-surpassing-amd-coca-cola-and-general-electric","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/39462\/","title":{"rendered":"OpenAI just raised another $8.3 billon in a funding round that values it at an unbelievable $300B, surpassing AMD, Coca-Cola, and General Electric"},"content":{"rendered":"

OpenAI’s business model is, at bottom, pretty simple. Sam Altman gets up on a stage somewhere, burbles a few lines about how AI is going to radically upend society and cure cancer, and then shareholders fall over themselves in a frenzied rush to thrust money upon this economic miracle-to-be. OpenAI sells subscriptions to users, sure, but the real profit is in the promises.<\/p>\n

As reported by the New York Times’ Dealbook<\/a>, OpenAI has raised $8.3 billion in a new funding round that values the company at $300 billion. This news comes ahead of schedule: OpenAI’s last crazy investment round was the announcement of a $30 billion deal with SoftBank, on top of which it raised another $2.5 billion from VC firms, before saying it planned to raise another $7.5 billion by the end of the year. Job done, and handsomely, with five months to go.<\/p>\n

The Dragoneer Investment Group is in there with an enormous $2.8 billion investment: even in the world of venture capital, this is an extraordinary sum for one firm to commit. The NYT’s DealBook reckons it “may be one of the largest [checks] ever written” by a single investment firm. Many other firms took part in the funding round, which was apparently five times oversubscribed.<\/p>\n

Related articles<\/p>\n

OpenAI may well come up with a defining piece of technology that actually changes the world: but so far, it hasn’t. Not even close. ChatGPT certainly has its uses, but\u2026 $300 billion is a valuation that reckons OpenAI (which is not yet publicly listed) is worth more than Coca-Cola ($296 billion), AMD ($278 billion) and General Electric ($285 billion).<\/p>\n

\"Sam<\/p>\n

(Image credit: Bloomberg via Getty Images)<\/p>\n

A notable element of this news was an anonymous OpenAI employee that spoke to both DealBook and CNBC, claiming that the company’s annual recurring revenue has “soared” to $13 billion and they project it will top $20 billion by the end of the year. There are also apparently now five million business users. I am not sure any of these numbers should be taken at face value, nor why OpenAI staff feel the need to anonymously tell outlets that the numbers are looking great, homie.<\/p>\n

So many big tech firms are so heavily invested in AI now that there’s a sense of inevitability about the tech creeping into everything. There are great use cases and not-so-great use cases (among AI’s biggest crimes is making Google search useless). But all of this is predicated on a product that, as of yet, hasn’t delivered on the more grandiose promises made by its backers. Maybe it will. But $300 billion seems like an awfully big bet on “maybe.”<\/p>\n

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.<\/p>\n","protected":false},"excerpt":{"rendered":"OpenAI’s business model is, at bottom, pretty simple. Sam Altman gets up on a stage somewhere, burbles a…\n","protected":false},"author":2,"featured_media":39463,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-39462","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/39462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=39462"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/39462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/39463"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=39462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=39462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=39462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}