OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO

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OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion.

The round totaled $122 billion of committed capital, up from the $110 billion figure that the company announced in February. SoftBank

co-led the round alongside other investors, including Andreessen Horowitz and D. E. Shaw Ventures, OpenAI said.

OpenAI kickstarted the artificial intelligence boom with the launch of its ChatGPT chatbot in 2022, and the company has since ballooned into one of the fastest-growing commercial entities on the planet. As of March, ChatGPT supports more than 900 million weekly active users, including more than 50 million subscribers.