OpenAI valued at $852 billion after completing $122 billion round
OpenAI has completed a record-breaking funding round, valuing the company at $852 billion. The round totaled $122 billion of committed capital, with investors including SoftBank, Andreessen Horowitz, and D. E. Shaw Ventures.
OpenAI closed a funding round at a post-money valuation of $852 billion. The round totaled $122 billion of committed capital. SoftBank co-led the round alongside other investors. OpenAI has over 900 million weekly active users and generates $2 billion in revenue per month. The company made $13.1 billion in revenue last year but is still burning cash. OpenAI extended participation to investors through bank channels for the first time and raised $3 billion from individual investors.
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