Apr. 1 at 11:40 AM
$OPENAI $GOOGL $META $NVDA $MSFT
OpenAI closes
$122B funding round
OpenAI said in a statement: "we closed our latest funding round with
$122 billion in committed capital at a post money valuation of
$852B. OpenAI is becoming the core infrastructure for AI, making it possible for people around the world and businesses, big and small, to just build things. The broad consumer reach of ChatGPT creates a powerful distribution channel into the workplace, where demand is rapidly shifting from basic model access to intelligent systems that reshape how businesses operate.
OpenAI was the fastest technology platform to reach 10 million users, the fastest to 100 million users, and soon the fastest to 1 billion weekly active users. Within a year of launching ChatGPT, we reached
$1B in revenue. By the end of 2024 we were generating
$1B per quarter. We are now generating
$2B in revenue per month. At this stage, we are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet (GOOGL) and Meta (META)...
The round was anchored by our strategic partners Amazon (AMZN), NVIDIA (NVDA), and SoftBank (SFTBY), with continued participation from our long-term partner, Microsoft (MSFT). SoftBank co-led the round alongside a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates, Inc." OpenAI added: "AI is driving productivity gains, accelerating scientific discovery, and expanding what people and organizations can build. This funding gives us the resources to continue to lead at the scale this moment demands."
