"OpenAI has closed what may be the largest private funding round ever, raising $122 billion, well more than the $110 billion target it announced in February."
"The company is now valued at $852 billion, making it more valuable than most publicly traded companies, with significant investments from major tech and finance players."
"OpenAI says it's now generating about $2 billion per month in revenue, mostly from ChatGPT subscriptions, enterprise contracts, and API usage."
"The AI company is clearly laying the groundwork for a 2026 IPO, and it may come sooner rather than later, depending on market conditions."
OpenAI has successfully closed a record $122 billion funding round, surpassing its initial target of $110 billion, and is now valued at $852 billion. Major investors include Amazon, Nvidia, and SoftBank, among others. The company is preparing for a potential IPO in 2026, influenced by the growing belief in AI's transformative potential for business. OpenAI generates approximately $2 billion monthly in revenue, primarily from ChatGPT subscriptions and enterprise contracts, although it remains unprofitable due to high operational costs.
Read at Fast Company
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