OpenAI Closes Record $122 Billion Funding Round at $852 Billion Valuation

OpenAI closed its record-breaking funding round at a post-money valuation of $852 billion, with $122 billion in committed capital, up from the previously announced $110 billion figure. SoftBank co-led the round alongside investors including Andreessen Horowitz and D.E. Shaw Ventures. ChatGPT now supports more than 900 million weekly active users, including more than 50 million subscribers. OpenAI extended participation to investors through bank channels for the first time and raised $3 billion from individual investors. CEO Sam Altman will face pressure to justify the massive valuation as the company gears up for a potential IPO. The startup has been retreating from hefty spending plans and shuttering features including its short-form video app Sora to rein in costs.

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