OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
Summary
CNBC reports OpenAI closed a record-setting funding round at a post-money valuation of 852 billion dollars, raising 122 billion in committed capital. The round included SoftBank as a co-lead and participation from Andreessen Horowitz, D. E. Shaw Ventures, and Microsoft; the company projects substantial revenue but remains unprofitable, with IPO considerations in view.