OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
Summary
OpenAI closed a record $122 billion funding round, valuing the company at $852 billion, with major investors including SoftBank, Amazon, and Nvidia. The company, which launched ChatGPT in 2022, now has over 900 million weekly active users and generates $2 billion in monthly revenue, though it is not yet profitable. OpenAI is preparing for a potential IPO while reducing spending on certain projects like its video app Sora.
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Original source: https://www.cnbc.com/2026/03/31/openai-funding-round-ipo.html
First tracked: March 31, 2026 at 08:00 PM
Classified by LLM (prompt v3) · confidence: 95%