OpenAI Raises $122 Billion at $852 Billion Valuation

OpenAI CEO Sam Altman (C) speaks at Grand Central Terminal in New York City on Sept. 23, 2024. Bryan R. Smith/Pool/AFP via Getty ImagesOpenAI 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.