OpenAI Secures $122 Billion Financing with a Valuation of $852 Billion, Plans to Go Public This Year
OpenAI completed a $122 billion financing round, valuing the company at $852 billion, setting a new record for the company's fundraising. The funds will be used for AI chip development, data center construction, and talent recruitment, paving the way for its IPO this year. SoftBank, Andreessen Horowitz, among others, led the round, with tech giants such as Amazon, NVIDIA, and Microsoft participating.