{"id":1271317,"date":"2026-03-11T22:59:07","date_gmt":"2026-03-11T22:59:07","guid":{"rendered":"http:\/\/9dQnUda2CynLHgRtzDhRhS"},"modified":"2026-03-11T22:59:08","modified_gmt":"2026-03-11T22:59:08","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:\/\/arcader.org\/news\/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\/","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":"
\n

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

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

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\"Sam<\/p>\n<\/div>\n<\/div>

(Image credit: Bloomberg via Getty Images)<\/span><\/figcaption><\/figure>\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<\/article>\n

Source<\/a><\/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 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. As reported by the New York Times’ Dealbook, 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…<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":1,"featured_media":1271318,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[1997,1622],"class_list":["post-1271317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pc-gamer","tag-ai","tag-software"],"yoast_head":"\nOpenAI just raised another $8.3 billon in a funding round that values it at an unbelievable $300B, surpassing AMD, Coca-Cola, and General Electric | Arcader News<\/title>\n<meta name=\"description\" content=\"OpenAI's business model is, at bottom, pretty simple. 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