On Friday, OpenAI, the corporation behind the ChatGPT chatbot, locked a more than $300 million share sale at an estimation between $27 billion and $29 billion, TechCrunch reported.

Meanwhile, Italy has elevated its block on ChatGPT after provisionally banning it over data privacy concerns last month, the artificial intelligence chatbot’s owner stated Friday.

An OpenAI spokesperson said that ChatGPT will be accessible again for their operators in Italy. They are delighted to welcome them back and endure committed to protecting their private data.

ChatGPT initiated an international sensation when it was released last year for producing essays, songs, exams and even news articles from brief prompts.

But critics have fretted over the process that ChatGPT and its competitors collect and process their data.

In March, Italy developed the first Western country to take action in contradiction of the popular AI Chatbot.

The country’s data defence watchdog had held that US firm OpenAI, which developed ChatGPT, had no lawful basis to validate the mass collection and storage of personal data for teaching the algorithms underlying the operation of the platform.