OpenAI raises $122B
OpenAI closed a record $122 billion funding round that values the company at about $852 billion — a blowout of private AI capital and an IPO setup with enormous expectations. The raise has investors and competitors watching execution closely, and even partners are pulling back from some joint projects as OpenAI refocuses ( ).
Amazon agreed to lead a strategic commitment of up to $50 billion, with roughly $35 billion of that payment tied to either a public listing or the achievement of a defined AGI milestone. (bloomberg.com) Nvidia and SoftBank each committed roughly $30 billion as anchor backers, while a broader syndicate included Andreessen Horowitz, D.E. Shaw Ventures, TPG, T. Rowe Price and Abu Dhabi’s MGX. (bloomberg.com) OpenAI extended participation to retail channels and said it raised more than $3 billion from individual investors through banks, and the company secured planned inclusion in several ARK Invest-managed ETFs. (bloomberg.com) Microsoft maintained a stake in the round but did not disclose its new contribution; the firm had previously invested more than $13 billion in OpenAI before the latest financing. (cnbc.com) OpenAI’s recent product cutbacks included winding down the Sora video app, a move that coincided with Disney abandoning a planned $1 billion licensing/investment arrangement. (variety.com) Negotiations to expand a flagship Texas AI data center with Oracle collapsed after financing and scope disputes, freeing the planned site to be marketed to other hyperscalers. (bloomberg.com) Nvidia CEO Jensen Huang publicly signaled the company will likely refrain from further private investments in frontier AI labs once those companies go public, a stance he framed as a structural shift rather than a falling-out. (techcrunch.com) OpenAI reported roughly $2 billion in monthly revenue and has told investors it trimmed its long-range infrastructure spending target to about $600 billion through 2030 after earlier, larger estimates. (bloomberg.com)
