OpenAI Secures $8.3B at $300B Valuation Amidst Rapid Growth

OpenAI has reportedly secured $8.3 billion in new funding, propelling the artificial intelligence powerhouse to a $300 billion valuation and marking a significant milestone in the ongoing AI boom. The details of this round were reported by The New York Times.

This latest capital infusion is part of a broader strategy by OpenAI to raise a total of $40 billion in venture capital throughout 2025. The process for this particular round accelerated faster than initially anticipated and was reportedly five times oversubscribed. To accommodate new strategic partners, earlier investors reportedly accepted smaller stakes.

Dragoneer Investment Group led the funding with a substantial $2.8 billion investment, noted as one of the largest single checks ever written by a venture fund. Dragoneer has a history of backing prominent tech companies such as Airbnb, Spotify, and Uber. Other significant new investors include Blackstone, TPG, T. Rowe Price, alongside venture firms Sequoia Capital, Andreessen Horowitz, and Tiger Global. Blackstone and TPG are considered particularly strategic due to their potential to integrate ChatGPT across their diverse portfolio companies in sectors like healthcare, finance, and manufacturing.

This fundraising comes as OpenAI is reportedly in discussions with Microsoft, its primary investor, regarding a restructuring into a for-profit entity. Such a move would require Microsoft’s approval and could potentially set the stage for a future initial public offering (IPO).

OpenAI has demonstrated rapid financial growth. According to The New York Times, the company’s annual recurring revenue (ARR) surged from $10 billion in June to $13 billion in July, with projections indicating it could reach $20 billion by the end of 2025. Earlier reports from The Information had stated that annual revenue doubled to approximately $12 billion in the first half of 2025. The company is now generating about $1 billion in revenue per month, and weekly active users for ChatGPT have climbed to 700 million, up from 500 million in March.

However, this swift expansion is accompanied by rising costs. OpenAI’s burn rate for 2025 has reportedly increased to $8 billion, which is $1 billion higher than initially forecast at the beginning of the year. A significant portion of these expenditures is allocated to infrastructure, particularly the immense computing power required to scale its advanced AI models.

In the competitive landscape, rival AI firm Anthropic is also experiencing strong gains. The company is said to have recently achieved an annualized revenue run rate of $4 billion and is reportedly targeting a valuation of $170 billion.