OpenAI closed a record-breaking $122 billion funding round. This investment establishes a new post-money valuation of $852 billion.
Amazon anchored the round with a $50 billion investment. Nvidia contributed $30 billion to the capital raise. SoftBank also invested $30 billion in the company. Long-term partner Microsoft participated in the funding round as well.
OpenAI will use the capital for talent acquisition, data centers, and chip procurement. These resources support the company’s efforts to maintain its lead in the artificial intelligence sector.
Retail investors provided over $3 billion through bank channels for the first time. OpenAI also announced its inclusion in several ARK Invest ETFs.