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OpenAI completes $122 billion funding round, valued at $852 billion
ME News message. April 1 (UTC+8): OpenAI has completed a round of $122 billion in fundraising, setting the biggest record in Silicon Valley history, with a valuation of $852 billion. The company expects to carry out a major IPO before the end of the year. This deal also brings an additional benefit: it broadens the channels available to retail investors. The latest funding round will further expand OpenAI’s cash reserves. Currently, the company is spending heavily to buy AI chips, expand data centers, and recruit top talent with high salaries. SoftBank and the Anderson · Horowitz Fund, D.E. Shaw Ventures, MGX, TPG, and Ping An Group jointly led this financing, and Amazon, Nvidia, and Microsoft also participated. About $3 billion in funding was contributed by individual investors via banking channels. Several exchange-traded funds under Ark Investment Management Company will also be added to the OpenAI target, allowing more ordinary investors to hold shares in this private company and helping further broaden its shareholder base ahead of the rumored upcoming initial public offering.
OpenAI also announced that, with support from multiple global top banks, its revolving credit facility has been expanded to approximately $4.7 billion. The company said the credit facility has not yet been drawn down. This means that at a stage where the company is stepping up investments in computing power and infrastructure, its move is intended to enhance financial flexibility rather than address a short-term liquidity shortfall. (Source: X platform)