OpenAI announced on Tuesday that it closed its latest funding round with $122 billion at an $852 billion valuation, its largest round to date.
Softbank co-led the round alongside a16z, D. E. Shaw Ventures, MGX TPG, and T. Rowe Price Associates. Amazon, Softbank, and NVIDIA invested $50 billion, $30 billion, and $30 billion, respectively, while over $3 billion was raised from individual investors.
“This funding gives us the resources to continue to lead at the scale this moment demands,” OpenAI said in a press release.
OpenAI said its revolving credit facility has expanded to $4.7 billion, which remains undrawn but gives it financial flexibility.
It also used the announcement to highlight its enterprise side, saying it now makes up 40 percent of its total revenue and will be around 50 percent by the end of 2026. It added that its coding agent Codex has over 2 million weekly users now, up fivefold in the last three months….