OpenAI, parent firm of ChatGPT, closes $122bn funding round amid AI boom

Company said it achieved valuation of $852bn, mentioning in a blogpost it generates $2bn a month in revenue

OpenAI announced on Tuesday it had closed a fundraising round of $122bn and achieved a valuation of $852bn. The funding cements the ChatGPT maker as one of the most highly valued private companies in the world.

The artificial intelligence firm received multibillion-dollar investments from companies including Amazon, Nvidia and SoftBank, which committed $110bn, according to the Wall Street Journal. OpenAI also allowed a select group of individual investors to contribute about $3bn. The funding round ranks among the highest-ever in Silicon Valley. OpenAI said last month it was expecting to raise $110bn in funding, but upped that figure in its latest announcement.