OpenAI has raised an impressive $8.3 billion in its latest funding round, bringing its total valuation to $300 billion—surpassing major players like AMD, Coca-Cola, and General Electric.

Who doesn’t appreciate a touch of end-stage capitalism?

Key Points:

• OpenAI’s valuation now sits ahead of established companies.
• The funding was underscored by significant investments, including $2.8 billion from Dragoneer Investment Group.
• Reports suggest that OpenAI’s annual recurring revenue could reach $20 billion by year-end, with five million business users.

It’s worth noting that despite its lofty valuation, there are still doubts about OpenAI’s ability to deliver on its grand promises. The valuation places it significantly higher than Coca-Cola, AMD, and General Electric, but many are skeptical about whether it can meet these expectations.