OpenAI closes funding round at an $852B valuation (cnbc.com) AI

OpenAI has closed a record $122 billion funding round at a post-money valuation of $852 billion, up from $110 billion previously announced. The round was co-led by SoftBank and included investors such as Andreessen Horowitz and D. E. Shaw Ventures, and OpenAI also added participation via bank channels plus $3 billion from individual investors. The company is not yet profitable and continues to burn cash as it prepares for potential IPO scrutiny.