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OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
Amazon, Nvidia and SoftBank anchored the deal, while OpenAI said it is generating $2 billion in monthly revenue and remains unprofitable.
- On Tuesday, OpenAI announced a record funding round totaling $122 billion, pushing its post-money valuation to $852 billion after expanding on $110 billion in commitments disclosed in February.
- Strategic investors Amazon, Nvidia, and SoftBank anchored the financing, while OpenAI raised an additional $12 billion from a broader investor pool and $3 billion from individuals, alongside Microsoft's participation.
- ChatGPT currently supports more than 900 million weekly active users, including more than 50 million subscribers, and generates $2 billion in monthly revenue, though the company remains cash-burning and not yet profitable.
- Facing pressure to justify the valuation ahead of a potential IPO, OpenAI CEO Sam Altman has begun cutting costs, recently shuttering the short-form video app Sora to rein in expenses.
- The company stated that capital is helping build "the infrastructure layer for intelligence itself," positioning OpenAI to transition from cash-burning growth toward sustainable profitability and long-term market dominance.
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OpenAI raises record $122B at $852B valuation as IPO buzz intensifies - Tech Startups
OpenAI just did something few companies in history have pulled off—and now the pressure is real. The company said Tuesday it has closed a staggering $122 billion funding round, pushing its post-money valuation to $852 billion. The raise tops the […] The post OpenAI raises record $122B at $852B valuation as IPO buzz intensifies first appeared on Tech Startups.
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