OpenAI raises additional money to bring record funding round to $120 billion, CFO tells Cramer

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OpenAI is raising an additional $10 billion from investors as part of its historic funding round, CFO Sarah Friar told CNBC’s Jim Cramer on Tuesday.

The fresh capital brings OpenAI’s record fundraise to “north of $120 billion,” Friar said in an interview on “Mad Money.” That well exceeds the ChatGPT creator’s initial target of $100 billion. OpenAI announced the first tranche of investment in late February, and it’s been seen as possibly its last private fundraise before a potential blockbuster initial public offering.

Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG

and T. Rowe Price