OpenAI CFO Sarah Friar told CNBC’s Jim Cramer that the company has raised an additional $10B from investors including Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, T. Rowe Price, and Microsoft, bringing its total fundraise to over $120B and well exceeding its initial $100B target. The raise follows an initial $110B tranche announced in late February that included $50B from Amazon, $30B each from Nvidia and SoftBank, and an expanded $100B cloud computing agreement with AWS, and Friar said OpenAI is “starting to build” toward an IPO outcome. OpenAI now counts 900 million weekly active users and generated roughly $13.1B in revenue last year, with enterprise accounts making up around 40% of revenue today but expected to reach 50% by year end, according to Friar.
