OpenAI raises $122 billion to accelerate the next phase of AI, says the company.

OpenAI was the fastest technology platform to reach 10 million users, the fastest to 100 million users, and soon the fastest to 1 billion weekly active users. Within a year of launching ChatGPT, they reached $1B in revenue. By the end of 2024 they were generating $1B per quarter. OpenAI are now generating $2B in revenue per month. At this stage, they claim that they are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet and Meta.

The round was anchored by their strategic partners Amazon, NVIDIA, and SoftBank, with continued participation from OpenAI's long-term partner, Microsoft. SoftBank co-led the round alongside a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates, Inc.

Source: OpenAI