OpenAI has completed a record-breaking funding round, raising $122 billion from investors at a post-money valuation of $852 billion. The company said this is its largest funding round to date.
The round drew support from a wide group of investors, including Amazon, Nvidia, SoftBank, wealthy individuals, and a money manager that plans to include OpenAI in its exchange-traded funds. One report also said retail investors contributed $3 billion.
The funding comes as anticipation grows that OpenAI could move toward an initial public offering this year. One article said the company would need to show more profit and stronger discipline if it wants to list on the stock market.
OpenAI has become one of the most closely watched companies in the artificial intelligence sector, and the size of this round makes it one of the biggest funding deals ever completed in Silicon Valley.
OpenAI raised $122 billion in committed capital.
The company’s post-money valuation is $852 billion.
Investors included Amazon, Nvidia, SoftBank, wealthy individuals, and a money manager planning to add OpenAI to its ETFs.
Because the funding round adds to speculation that OpenAI could go public this year.
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