OpenAI completes $122 billion funding round

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On April 1, OpenAI completed a round of $122 billion in fundraising, bringing the company’s valuation to $852 billion. This marks the largest fundraising round the company has done to date, supporting its costly investments in chips, data centers, and talent.

Most of the funding in this multi-month preparation round came from three major technology 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 bank channels. OpenAI said the company currently generates $2 billion in revenue per month. Enterprise sales currently account for 40% of its revenue, and this proportion is expected to rise to 50% by the end of the year. (China Finance Network)

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