OpenAI valued at US$852 bil after completing US$122 bil round
OpenAI has closed 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 with 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 is still burning cash and is not yet profitable. OpenAI has been retreating from some spending plans and shuttering certain features to rein in costs.
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