OpenAI closed a $122 billion funding round Tuesday at an $852 billion valuation, led by SoftBank alongside Andreessen Horowitz and other investors, bringing total commitments up from $110 billion announced in February. The artificial intelligence company, which operates ChatGPT with over 900 million weekly active users, generates $2 billion monthly in revenue but remains unprofitable as it prepares for a potential IPO.
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OpenAI closed a $122 billion funding round Tuesday at an $852 billion valuation, led by SoftBank alongside Andreessen Horowitz and other investors, bringing total commitments up from $110 billion announced in February. The artificial intelligence company, which operates ChatGPT with over 900 million weekly active users, generates $2 billion monthly in revenue but remains unprofitable as it prepares for a potential IPO.