tech
OpenAI Closes Record-Breaking $122 Billion Funding Round as Anticipation Builds for IPO
The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
TL;DR
- OpenAI announced a record-breaking funding round, securing $122 billion in committed capital.
- The company's post-money valuation now stands at $852 billion.
- SoftBank co-led the round with participation from investors like Andreessen Horowitz and D. E. Shaw Ventures.
- ChatGPT has over 900 million weekly active users and more than 50 million subscribers.
- OpenAI is generating $2 billion in revenue per month, with $13.1 billion last year, but is not yet profitable.
- Previous major commitments included up to $50 billion from Amazon, $30 billion from Nvidia, and $30 billion from SoftBank.
- Microsoft, a long-time partner, also participated in the funding round.
- The company is reportedly reining in costs and has shuttered some features like the short-form video app Sora.