On April 1st, OpenAI announced the completion of a new round of financing worth $122 billion, with a post-investment valuation reaching $852 billion, setting a new record for the largest single round of financing for a global startup. This round of financing was led by Amazon, NVIDIA, and SoftBank, with SoftBank and a16z jointly taking the lead, and participation from multiple global institutions and individual investors, including Microsoft. The funds raised will be used for infrastructure investments such as chips and data centers, paving the way for its IPO. Currently, OpenAI generates monthly revenue of $2 billion but has not yet achieved profitability.
