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00:02OpenAI is raising an additional $10 billion as part of a funding round that now exceeds $120
00:08billion, CFO Sarah Fryer said on CNBC's Mad Money. The company announced an initial $110
00:15billion raise at a $730 billion pre-money valuation in February and indicated it may
00:21be its final private raise before a potential IPO. Investors in the new commitment include
00:26Andreessen Horowitz, D. Shaw Ventures, MGX, TPG, Tee, Rowe Price, and Microsoft.
00:33Amazon invested $50 billion in the earlier tranche and signed a multi-year partnership.
00:39OpenAI reported $13.1 billion in revenue last year and said ChadGPT has 900 million weekly
00:45active users. Fryer said enterprise revenue is growing faster than consumer revenue.
00:50OpenAI is preparing for a potential IPO and is targeting about $600 billion in computes
00:56spend for 2030. For all things money, visit Benzinga.com.
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