Are we truly arguing semantics on HN which is a news aggregator for startups and everyone truly knows what a "raise" is and it is obviously not funds in your bank account? I don't disagree with the rest of your comment and the core thesis is valid that OpenAI is very much doing circular financing.

Edit: A raise comes with stipulations on what you can use the money for. I don't know if I was being too mean about responding to a parent but before you comment just google what a raise has..