OpenAI closes $122B round at $852B valuation
OpenAI is now worth $852B after closing a record $122B raise co-led by SoftBank and a16z.
OpenAI just closed the largest private funding round in history — $122 billion at an $852 billion post-money valuation, co-led by SoftBank and Andreessen Horowitz.
Anchor checks came from Amazon ($50B, partly contingent on IPO or AGI), SoftBank ($30B), and Nvidia ($30B). Microsoft, Sequoia, BlackRock, and Fidelity also participated. Over $3B was raised through retail banking channels — a first for OpenAI.
The capital goes toward AI compute infrastructure, a planned unified AI superapp merging ChatGPT, Codex, and agentic tools, and talent. OpenAI is now pulling $2B/month in revenue with 900M+ weekly ChatGPT users, and an IPO is widely expected later in 2026.
Why it matters: OpenAI is no longer a startup — at $852B it's the most valuable private company ever, and this war chest cements its lead in the AI infrastructure race.
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