In July 2021, it was reported that OpenAI was seeking to raise new funds at a valuation of around $29 billion. This would be a significant increase from the company's previous valuation of $15 billion after a funding round in 2019.

It is worth noting that OpenAI has not yet announced a new funding round at the $29 billion valuation, and it is unclear whether they will achieve this target or not.

In 2019, Microsoft invested $1 billion in OpenAI as part of a partnership to develop advanced AI technologies. The partnership aimed to develop new AI models and technologies and make them available through Microsoft's Azure cloud computing platform. This investment was seen as a major commitment by Microsoft to advance AI research and development and to work closely with OpenAI to achieve their shared goals.