OpenAI has closed a record-breaking $122 billion funding round at a post-money valuation of $852 billion, up from the previously announced $110 billion. SoftBank co-led the round alongside Andreessen Horowitz and D. E. Shaw Ventures, with Amazon ($50B), Nvidia ($30B), and SoftBank ($30B) as anchor investors. An additional $12 billion came from a broader pool, including $3 billion from individual investors via bank channels for the first time. OpenAI now reports $2 billion in monthly revenue and 900 million weekly active users for ChatGPT, though the company remains unprofitable. CEO Sam Altman faces pressure to justify the valuation as the company eyes a potential IPO while cutting costs, including shuttering its Sora short-form video app.
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