OpenAI Closes Record $122 Billion Funding Round at $852B Valuation with $2B Monthly Revenue

OpenAI closed a record $122 billion funding round backed by SoftBank, Andreessen Horowitz, and Fidelity, valuing the company at $852 billion. The company generates $2 billion in monthly revenue and is actively preparing for an IPO that could reshape AI market dynamics. OpenAI has discontinued its Sora video generation app and halted select controversial projects to refocus on enterprise productivity tools.