OpenAI Raises $122 Billion, Valuing AI Firm at $852 Billion
The ChatGPT maker’s latest funding haul backs a broader product push and deepens its lead in the escalating artificial intelligence race.
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OpenAI this week said it closed a $122 billion fundraising round, valuing the company at $852 billion and cementing its position among the world’s most highly valued private firms.
Amazon, Nvidia and SoftBank together committed $110 billion, while a select group of individual investors contributed more than $3 billion through banks, The Wall Street Journal reported.
Last month, OpenAI said it was expecting to raise $110 billion in funding, but upped that figure in its latest announcement.
The company said the funding will support a “unified AI superapp” combining ChatGPT, Codex, browsing and broader agentic capabilities.
The shift comes as OpenAI trims projects such as Sora and concentrates more heavily on coding and enterprise products.
OpenAI could pursue a US stock market listing later this year, Reuters has reported, in what would be one of the most closely watched public offerings in years.
At the same time, the company faces lawsuits, mounting competition and growing scrutiny over whether the AI boom can justify the scale of spending now pouring into the sector.
“AI is driving productivity gains, accelerating scientific discovery, and expanding what people and organizations can build. This funding gives us the resources to continue to lead at the scale this moment demands,” OpenAI said in the blog. “Let’s go build.”
Meanwhile, OpenAI has introduced advertising in ChatGPT for some users on its free and Go tiers in the US, a move Reuters reported has already generated more than $100 million in annualized revenue within six weeks. Sam Altman had previously described ads as a “last resort.”
OpenAI last week discontinued Sora, its AI video-generation platform, effectively scrapping a proposed $1 billion Disney partnership that had not closed and involved no money changing hands, Reuters reported.
The company also ended a shopping tool, Instant Checkout, after a five-month trial, which allowed users to purchase items from retailers through ChatGPT.
The AI developer has previously mentioned its plan to spend more than $1.4 trillion on physical infrastructure in the coming years to support its AI software. Hence, the company continues to manufacture more chips, build data centers, and hire talent as the AI race heats up.
