OpenAI has secured $8.3 billion in fresh capital at a $300 billion post-money valuation, the New York Times reported, citing DealBook sources. The oversubscribed round, led by Dragoneer Investment Group with a $2.8 billion commitment, closed months ahead of schedule and forms part of the artificial-intelligence developer’s wider plan to raise $40 billion this year. Other participants include Blackstone, TPG and T. Rowe Price. The cash infusion follows a rapid acceleration in the company’s business. OpenAI’s annualized revenue has climbed to about $12 billion—roughly $1 billion a month—after doubling in the first seven months of 2025, according to The Information. The Times puts annual recurring revenue nearer $13 billion and says it could exceed $20 billion by year-end. ChatGPT, the firm’s flagship product, now records around 700 million weekly active users, including five million paying business customers. OpenAI intends to channel the proceeds into expanding computing capacity and advancing its next-generation models. Internal budgets cited by investors envisage spending $35 billion on servers to support existing services and a further $55 billion on research hardware through 2027. Despite the revenue surge, the Microsoft-backed company forecasts its cash burn will rise to roughly $8 billion in 2025 as it scales infrastructure and research.