tech

OpenAI, parent firm of ChatGPT, raises $122bn in new funding amid AI boom

Company said it achieved valuation of $852bn, mentioning in a blog post it generates $2bn a month in revenue

OpenAI, parent firm of ChatGPT, raises $122bn in new funding amid AI boom

TL;DR

  • OpenAI closed a $122 billion fundraising round.
  • The company's valuation reached $852 billion.
  • OpenAI stated AI drives productivity gains and scientific discovery.
  • The funding will enable the company to continue leading in the AI space.
  • OpenAI generates $2 billion per month in revenue.