OpenAI Nears $100B Mega-Round, Valuation Could Top $850B

OpenAI is on the verge of locking down the first tranche of what's shaping up to be a $100 billion-plus fundraise. If completed, the AI giant's overall valuation — factoring in all eventual funding — could blow past $850 billion.

Let that number sink in. $850 billion. That's not a country's GDP, but it's getting uncomfortably close to a few of them.

The round is reportedly being finalized in phases, with the initial close imminent. The sheer scale of capital involved makes this one of the largest private funding efforts in tech history — possibly the largest, period.

For context, this would put OpenAI's valuation in the same neighborhood as some of the world's most valuable public companies. The AI arms race isn't slowing down. It's accelerating, and the price tag keeps climbing.