Sam Altman’s OpenAI closed its latest funding round with $122 billion in committed capital, valuation increased to $852 billion.
OpenAI is seeing rapid revenue growth, increased user base and thus giving them better capital support from investors.
The company’s flagship product ChatGPT is seeing both, consumer and enterprise usage.
OpenAI reported on March 31st that they are now clocking approximately $2 billion in monthly revenue. The platform also claims having over 900 million weekly active users and 50 million paid subscribers.
This growth has led a latest funding in OpenAI by Amazon, NVIDIA and SoftBank. Under the deal, Amazon will be investing $50 billion followed by $30 billion each by SoftBank and Nvidia.
The company also raised over $3 billion from individual investors and expanded its credit facility to $4.7 billion, giving it additional financial flexibility.
The company is working across multiple cloud platforms and chipmakers including NVIDIA and AMD to scale AI deployment around the world.
According to OpenAI, they are now pushing toward building a unified ‘AI superapp’ that combines chat, coding, browsing, and agent-based automation into one platform.
This might turn AI from a tool into a full operating layer across consumer and enterprise use cases, which now tells us that humans are getting more powerful tools to think, create, and command intelligence.
