OpenAI closes $300 million funding round at $27 billion-$29 billion valuation: Report

TechCrunch reported the funding information on Friday.

OpenAI, the company behind the ChatGPT chatbot, has closed a more than $300 million share sale at a valuation between $27 billion and $29 billion, TechCrunch reported on Friday.

The logo of OpenAI is displayed near a response by its AI chatbot ChatGPT on its website.(Reuters)