OpenAI has raised $8.3 billion as part of a $40 billion funding round, increasing its valuation to $300 billion. Major investors include Dragoneer, Blackstone, and Sequoia. The company anticipates its annual recurring revenue to exceed $20 billion by year-end, up from $13 billion currently. Microsoft is negotiating terms to retain access to OpenAI's models after achieving artificial general intelligence (AGI).