OpenAI raises $122B
OpenAI announced a $122 billion funding round that pushes its post‑money valuation to about $852 billion — the move underlines the scale of private AI capital flooding the market. Investors and competitors now have a much larger public signal about where AI bets are concentrating. (x.com)
The financing was anchored by strategic partners Amazon, NVIDIA and SoftBank, with SoftBank listed as a co‑lead alongside Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG and accounts advised by T. Rowe Price, while Microsoft remained a continuing participant. Amazon agreed to commit about $50 billion and NVIDIA and SoftBank about $30 billion each, and roughly $35 billion of Amazon’s commitment is contingent on OpenAI either going public or reaching a specified AGI milestone. For the first time OpenAI accepted individual investors through bank channels and raised more than $3 billion from retail buyers, and the company said it will be included in multiple ARK Invest exchange‑traded funds. OpenAI expanded its revolving credit facility to about $4.7 billion, leaving that facility undrawn as it builds liquidity options while ramping spending on compute and infrastructure. Company disclosures show revenue at roughly $2 billion per month with enterprise sales contributing about 40% of revenue, and the firm reported over 900 million weekly active users and more than 50 million subscribers. OpenAI said the proceeds provide flexibility to invest in durable compute, data centers and its AI roadmap, a message echoed by CFO Sarah Friar at public briefings; the company earlier disclosed multiyear infrastructure commitments on the order of $1.4 trillion and has since told investors it is targeting roughly $600 billion of spend by 2030.
