OpenAI raises $122B and focuses on an AI superapp

OpenAI raised $122 billion in a new funding round and is valued at $852 billion.

The round was led by Amazon, NVIDIA, and SoftBank; Microsoft remains a key partner.

Private investors participated via banks for the first time and contributed more than $3 billion.

The funding is intended to scale capacity to meet AI demand and to expand computing power through partnerships with cloud and chip providers.

OpenAI is focusing on an AI superapp that integrates chat, programming, search, and automated tasks; ChatGPT has hundreds of millions of weekly users, revenue is now in the billions of dollars per month with a larger share from business customers, and Codex-accessible developers remain important via APIs and tools.