OpenAI announced on Tuesday that it closed its latest funding round with $122 billion at an $852 billion valuation, its largest round to date.
Softbank co-led the round alongside a16z, D. E. Shaw Ventures, MGX TPG, and T. Rowe Price Associates. Amazon, Softbank, and NVIDIA invested $50 billion, $30 billion, and $30 billion, respectively, while over $3 billion was raised from individual investors.
“This funding gives us the resources to continue …
The most recent investment round of OpenAI puts the company's assessment of ChatGPT in EUR 738 billion. The company has sought to focus its resources in order to reduce costs and maximize revenue.