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AI Valuation · Funding · IPO · OpenAI
OpenAI closed a record $122 billion funding round, valuing the ChatGPT maker at $852 billion, with participation from Amazon, Nvidia, SoftBank, and Microsoft, ahead of an anticipated IPO later this year.
This funding round is the largest in Silicon Valley history, as stated by the company. Strategic partners Amazon, Nvidia, and SoftBank anchored the round, with Microsoft continuing its participation.
SoftBank co-led the round alongside Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates. A broader group of institutional investors also participated, including BlackRock, Blackstone, Sequoia Capital, Thrive Capital, and Temasek.
This significant capital injection positions OpenAI for its expected public offering, reinforcing its market leadership in artificial intelligence.
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