OpenAI valued at $852 billion after completing $122 billion round
OpenAI has completed a $122 billion funding round, valuing the company at $852 billion, with investments from Amazon, Nvidia, and SoftBank. The funding will support OpenAI's push for more chips, data centers, and talent, and reflects the enormous appetite for AI technology.
OpenAI has raised $122 billion from investors, including $50 billion from Amazon and $30 billion from Nvidia and SoftBank. The company is valued at $852 billion. OpenAI will use the funding to invest in computing resources and its AI roadmap. The company is generating $2 billion in revenue each month, with 40% coming from enterprise sales. OpenAI has also introduced advertising in ChatGPT, with a revenue-sharing agreement with Amazon.
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