OpenAI recently secured a record $122 billion in fresh capital, lifting its valuation to $852 billion. This move comes as the AI player continues to accelerate spending on chips, data centres and enterprise growth.
The funding round, OpenAI’s largest to date, was led by Amazon, Nvidia and SoftBank, which Bloomberg reported together contributed $110 billion.
According to the publication, Amazon committed $50 billion, while Nvidia and SoftBank Group each invested $30 billion. Other backers included MGX, D.E. Shaw Ventures and TPG.
OpenAI also opened the round to a limited pool of individual investors, drawing in around $3 billion.
In a post on its website, the AI giant said the capital will provide “the resources to continue to lead at the scale this moment demands”, supporting expansion across compute, research and enterprise deployment.
Scale
The company noted it generates $2 billion in monthly revenue, with enterprise now accounting for more than 40 per cent of total sales. It expects this to rise to 50 per cent by year-end.
It also disclosed ChatGPT has more than 900 million weekly active users and API usage is over 15 billion tokens per minute. “Our consumer scale becomes the front door for enterprise usage,” the company stated.
OpenAI added a large portion of the new capital will be directed toward compute capacity to gain a “strategic advantage”, signalling deeper partnerships with cloud, silicon and data centre providers including Microsoft, Oracle, AWS and Nvidia.
Alongside its infrastructure push, OpenAI outlined plans for a unified AI “superapp” bringing together ChatGPT, its Codex coding tool and AI web browser into a single interface.
“Users do not want disconnected tools. They want a single system that can understand intent, take action, and operate across applications, data and workflows”, the company explained.
The move comes as OpenAI streamlines its product portfolio. Last week, the ChatGPT-maker shuttered its AI video generator Sora to redirect resources into higher priority areas.
Source: Mobile World Live
Image Credit: OpenAI
Source: Tahawul Tech