Skip to playerSkip to main content
Benzinga
  • 10 hours ago
OpenAI closed a $122B funding round at an $852B post-money valuation, led by SoftBank, a16z, and D.E. Shaw. Key investors include Amazon ($50B), Nvidia ($30B), and SoftBank ($30B). ChatGPT now has 900M+ weekly active users and $2B in monthly revenue, though OpenAI remains unprofitable and is scaling back some products including its Sora video app.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI said Tuesday it closed a $122 billion funding round at an $852 billion post-money
00:09valuation, up from $110 billion in February, according to CNBC.
00:15SoftBank co-led the round with Andreessen Horowitz and D. E. Shaw Ventures.
00:20OpenAI said ChatGPT has more than 900 million weekly active users and more than 50 million
00:26subscribers. The company said it is generating $2 billion in monthly revenue and reported $13.1
00:32billion in revenue last year. OpenAI said it is still not profitable. The company said it is
00:38scaling back spending and shutting down some products, including its short-form video app
00:43Sora. The funding includes $50 billion from Amazon, $30 billion from NVIDIA, and $30 billion from SoftBank.
00:51For all things money, visit Benzinga.com.
Comments