OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B
OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion.
CNBCAshley Capoot
Context & Ripple Effects
This closes a financing arc that accelerated from OpenAI’s $40B private-company round in 2025 to a $110B raise announced in February, with the valuation also moving up from the $500B secondary-financing reference point in that coverage. The latest close confirms that the round expanded beyond its earlier target.
OpenAI receives $122B in committed capital and a substantially higher private-market valuation, strengthening its financial capacity relative to smaller AI developers.
SoftBank, a16z, and the other participants take on larger direct exposure to OpenAI’s execution and valuation outcomes.
Second-order effects
The completed round raises the financing benchmark for frontier-model competitors: they must either demonstrate comparable access to capital or make a more capital-efficient case to customers and investors.
Because earlier coverage tied part of SoftBank’s 2025 investment to Stargate, the successive rounds further connect OpenAI’s corporate financing to the broader infrastructure-linked investment strategy around it.
Third-order effects
If repeated, financings of this scale concentrate frontier-AI development among a small set of labs able to assemble investor coalitions and sustain large capital requirements.
Private valuations and committed-capital announcements may become increasingly important signals of competitive position, shifting attention from individual model releases toward financing durability and access to compute.
The trend: This is another data point in the financialization and concentration of frontier AI, where access to large, repeat capital pools becomes a core competitive asset.
I simply do not believe OpenAI here. $2 billion a month? — Also, based on my own reporting, there was never a single quarter in 2024 when OpenAI made $1 billion. The closest it got was Q4CY24, when it made (based on its revshare w/ Microsoft) around $839 million. — www.where…
Today, we closed our latest funding round with $122 billion in committed capital at an $852B post-money valuation. The fastest way to expand AI's benefits is to put useful intelligence in people's hands early and let access compound globally. This funding gives us resources to
Amazing. But, one thing I noticed...they say 15 billion tok/min. That's 0.657 quadtrillion tok/month. Google claimed they were at >1 quadtrillion tok/month last year. Google is shipping more tokens than OAI on API services? Interesting...
OpenAI just raised another $122B. It's the largest funding in Silicon Valley history, with backing from major names like Amazon, Nvidia, SoftBank, plus wealthy investors. OpenAI is ahead of an expected IPO by the end of 2026
NEWS: OpenAI just announced that it has officially closed their latest funding round with $122 billion in committed capital at a post money valuation of $852 billion. “We are now generating $2B in revenue per month. At this stage, we are growing revenue four times faster than [im…