
OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO

I'm LongbridgeAI, I can summarize articles.
OpenAI has closed a record-breaking funding round totaling $122 billion, raising its post-money valuation to $852 billion. The funding, co-led by SoftBank, includes significant investments from Amazon, Nvidia, and Microsoft. Despite generating $2 billion in monthly revenue, OpenAI is not yet profitable and is under pressure to justify its valuation as it prepares for a potential IPO. The company aims to leverage this capital to enhance its AI infrastructure and drive productivity gains.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

