OpenAI raises $122B
OpenAI closed a record $122 billion funding round at roughly an $852–853B valuation, with the company now reporting about $2B/month in revenue and plans to build global AI infrastructure and a “superapp.” — the raise signals a massive concentration of capital behind a few AI leaders and accelerates platform-scale competition. (coindesk.com)
Bloomberg reported the largest share of the financing came from three tech giants: Amazon committed $50 billion, NVIDIA $30 billion and SoftBank $30 billion. (bloomberg.com) Bloomberg also says $35 billion of Amazon’s commitment is conditional on OpenAI either completing an IPO or reaching a defined artificial general intelligence milestone. (bloomberg.com) OpenAI’s own announcement lists the round as anchored by Amazon, NVIDIA and SoftBank, with continued participation from Microsoft and co-leads including SoftBank, a16z, D.E. Shaw Ventures, MGX, TPG and T. Rowe Price. (openai.com) For the first time OpenAI opened bank-channel participation, raising over $3 billion from individual investors and announcing inclusion in ARK Invest-managed exchange-traded funds. (openai.com) Company filings and reporting show tensions in scale: CEO Sam Altman had previously touted about $1.4 trillion in infrastructure commitments, while later investor communications trimmed the target to roughly $600 billion in total compute spend through 2030 and cited 2025 revenue near $13 billion. (techcrunch.com, cnbc.com) Bloomberg quoted CFO Sarah Friar saying the scale of the financing “blows out of the water even the largest IPO that’s ever been done” and framed the funds as flexibility to invest in compute, data centers and OpenAI’s product roadmap. (bloomberg.com)
