OpenAI announced it will raise an additional $10 billion, bringing its total pre-IPO funding to over $120 billion.

PANews reported on March 25th that, according to Global Markets, OpenAI CFO Sarah Friar revealed in an interview that OpenAI is raising an additional $10 billion from investors as part of its historic funding round. Friar stated that this new funding brings OpenAI's total funding in this round to "over $120 billion," far exceeding the $110 billion announced last month. OpenAI announced its first funding round at the end of February, which is considered its last private funding round before a possible initial public offering (IPO).

According to Friar, Andreessen Horowitz, DE. Shaw Ventures, MGX, TPG, and T. Rowe Price participated in this new $10 billion funding round. Notably, Microsoft, a long-term investor in OpenAI and a major computing service provider, also participated in this round.