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OpenAI completes $122 billion funding round, valued at $852 billion
Golden Finance reports that on April 1, OpenAI has completed a round of $122 billion in fundraising, with the company valued at $852 billion. This marks the largest fundraising round the company has raised to date, supporting its costly investments so far in chips, data centers, and talent. Of this multi-month fundraising, most of the funds came from three major tech companies. Amazon agreed to invest $50 billion in this round, while Nvidia and SoftBank Group each invested $30 billion. A large portion of Amazon’s investment ($35 billion) depends on whether OpenAI can go public or hit technical milestones toward general artificial intelligence. For the first time, OpenAI raised more than $3 billion from individual investors through banking channels. OpenAI said the company currently generates $2 billion in revenue per month. Enterprise sales currently account for 40% of its revenue, and it is expected that this share will rise to 50% by the end of the year.