OpenAI Raises $122 Billion at an $852 Billion Valuation
OpenAI has closed a massive $122 billion funding round, valuing the AI company at $852 billion. The round included major investments from SoftBank, Amazon, Nvidia, and Microsoft, and for the first time, opened the door to individual retail investors through vehicles like ARK Invest ETFs. The company also reported strong growth, with over 900 million weekly active users for ChatGPT.