OpenAI Set For $850B Valuation In Blockbuster Raise Backed By Wall Street Giants

OpenAI is nearing an $850 billion valuation as it finalizes a $10 billion venture-capital raise, expected to close next week. This funding round, co-led by major firms including Andreessen Horowitz and Microsoft, will bring the total raised to about $120 billion. OpenAI's evolution from a nonprofit to a heavily funded startup began with a shift to a capped-profit structure in 2019. The company is also discontinuing its Sora video platform to focus on other priorities and is offering private equity firms a guaranteed minimum return of 17.5% to expand enterprise AI adoption.