OpenAI completes $122 billion funding round

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On April 1, OpenAI completed a round of fundraising worth $122 billion, bringing its valuation to $852 billion. This marks the largest fundraising round the company has completed to date, supporting its costly investments so far in chips, data centers, and talent.

Most of the funding in this deal, which was prepared over several months, came from three large technology companies. Amazon agreed to invest $50 billion in this round, while Nvidia and the SoftBank Group each invested $30 billion. A large portion of Amazon’s investment ($35 billion) depends on whether OpenAI can go public or reach technical milestones toward general artificial intelligence. For the first time, OpenAI raised more than $3 billion from individual investors through banking channels. OpenAI said the company currently generates $2 billion in revenue per month. Enterprise sales currently account for 40% of its revenue, and this proportion is expected to rise to 50% by the end of the year. (Caixin)

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