OpenAI Raises $122 Billion at $852 Billion Valuation

OpenAI closed a record-breaking funding round on March 31, 2026, raising $122 billion at a post-money valuation of $852 billion. The round was anchored by Amazon with a $50 billion investment—partially contingent on the company achieving artificial general intelligence or going public—while Nvidia and SoftBank Group each contributed $30 billion. Other participants included Microsoft, Andreessen Horowitz, and retail investors who provided over $3 billion via bank channels and ARK Invest ETFs. SoftBank executed its commitment in tranches, starting with an initial $10 billion injection on April 1.

The company plans to use the capital to build a massive infrastructure layer for intelligence, targeting a $1.4 trillion spend on chips and data centers. This strategy involves a multi-cloud and multi-silicon approach incorporating AWS, Google Cloud, Oracle, AMD, and Broadcom. To prioritize these core compute needs for its GPT-5.4 model, OpenAI discontinued its Sora video-generation platform on March 24, ending a $1 billion partnership with The Walt Disney Company.

OpenAI is pivoting from a research lab toward an infrastructure provider and the development of an AI superapp that integrates ChatGPT with agentic capabilities. While the company reports $2 billion in monthly revenue and nearly 1 billion weekly active users, it remains unprofitable. These financial maneuvers are widely viewed as preparation for an initial public offering in late 2026, with some projections suggesting a public valuation of $1 trillion.