OpenAI Closes Monster $122B Round at $852B Valuation
OpenAI's record-shattering funding round came in $12B above its original target, valuing the AI giant at $852 billion.
OpenAI just closed the largest funding round in history. The AI juggernaut pulled in $122 billion in fresh capital, blowing past its initially announced $110 billion target by a cool $12 billion.
The round was led by SoftBank and Andreessen Horowitz (a16z), alongside other investors. It values OpenAI at a staggering $852 billion post-money — territory previously reserved for the world's most established public companies.
To put that number in perspective: $852 billion is more than the market cap of most Fortune 500 companies. And OpenAI got there without being publicly traded.
The $12 billion overshoot from the original target suggests investor appetite for the leading AI company remains insatiable. SoftBank's involvement as a lead signals the Japanese conglomerate is doubling down hard on its AI bet.