OpenAI said it raised $122 billion at an $852 billion valuation, underscoring investor appetite for artificial intelligence as the ChatGPT maker prepares for a potential U.S. IPO later this year. Backers include Amazon, Nvidia and SoftBank, with the company touting a “unified AI superapp” strategy and reporting $2 billion in monthly revenue, even as it remains unprofitable and doesn’t expect profitability until 2030. The deal lands amid intensifying competition from Google’s Gemini and Anthropic, recent product retrenchments—including the shutdown of Sora and a shopping tool—and a looming courtroom fight with co-founder Elon Musk.
ChatGPT maker OpenAI clinches $122 billion raise, lifting valuation to $852 billion amid AI surge
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