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Investors provided capital to the AI startup at three distinct pricing levels during its most recent financing round. The $300 million raise saw money enter at $2.5 billion and $3 billion, with a third tranche priced significantly higher than the $3 billion headline valuation to accommodate a range of investor entry points.
Gimlet Labs told investors that OpenAI may spend more than $100 million annually on its services to secure the capital. OpenAI has since disputed the claim and states it is not yet a paying customer of the company, according to reports from The Information.
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