OpenAI Raises $122 Billion at $852 Billion Valuation

OpenAI has secured a record $122 billion in funding, catapulting its valuation to $852 billion and underscoring the intense investor interest in artificial intelligence amid rapid growth and escalating infrastructure demands.

The funding round, announced Tuesday, was led by major backers including Amazon, NVIDIA, SoftBank and Microsoft, with additional participation from firms such as Andreessen Horowitz, D.E. Shaw Ventures, Sequoia Capital, Blackstone, BlackRock and Fidelity. For the first time, OpenAI opened the round to individual investors through banking channels, raising more than $3 billion from retail participants. The company also expanded its revolving credit facility to about $4.7 billion, backed by lenders including JPMorgan Chase and Goldman Sachs, providing further financial flexibility without immediate draws. Officials at OpenAI stated the capital will fuel infrastructure expansion, product development and efforts to broaden AI accessibility globally.

This raise follows a $110 billion commitment announced last month at a $730 billion valuation, highlighting sustained momentum in private tech financing. OpenAI's revenue has surged to $2 billion per month as of...