OpenAI completes US $10.3 billion financing valued at US $27 billion-29 billion

FAP, April 29 / PRNewswire-FirstCall-Asianet /-- OpenAI has completed financing of $10.3 billion, valuing it at $27 billion to $29 billion, according to TechCrunch. Venture capital firms participating in this round of financing include Tiger Global Management, Sequoia Capital, Andreessen Horowitz of California, Thrive of New York and K2 Global. It is understood that Founders Fund is also involved; the total amount of venture capital investment is slightly more than $300m, and this round of investment belongs to the same round as Microsoft's earlier investment. Earlier this year, Microsoft's investment in OpenAI was said to be about $10 billion.