OpenAI closes $300 million funding round at $27 billion-$29 billion valuation.

The ChatGPT chatbot’s developer, OpenAI, reportedly completed a $300 million share sale at a $27 billion to $29 billion value.

Over 30% of OpenAI is now owned by outside investors as a whole, the source claimed.

The fact that there is an ecosystem rapidly growing around the technology is essential to the argument.