Overview
- OpenAI said it completed a private raise of $122 billion that values the company at $852 billion, led by Amazon, Nvidia and SoftBank.
- Bloomberg reporting cited in multiple outlets says about $35 billion of Amazon’s $50 billion is contingent on an IPO or an AGI milestone, and parts of the round are structured as compute or long‑term cloud spend rather than cash.
- The company disclosed roughly $2 billion in monthly revenue, about 900 million weekly users and more than 50 million paying subscribers, yet it remains unprofitable as compute and data center costs mount.
- Recent cost moves include introducing advertising and shutting down the Sora video app, which reporters describe as especially expensive to run.
- OpenAI is shifting its focus toward business clients, saying enterprise now makes up more than 40% of revenue, and it broadened capital access with about $3 billion from retail investors, planned inclusion in ARK Invest ETFs and an expanded $4.7 billion credit line, while any 2026 IPO remains unconfirmed.