OpenAI Raises $122 Billion at $852 Billion Valuation

OpenAI announced on Tuesday that it closed its latest funding round with $122 billion at an $852 billion valuation, its largest round to date.

Softbank co-led the round alongside a16z, D. E. Shaw Ventures, MGX TPG, and T. Rowe Price Associates. Amazon, Softbank, and NVIDIA invested $50 billion, $30 billion, and $30 billion, respectively, while over $3 billion was raised from individual investors.

“This funding gives us the resources to continue to lead at the scale this moment demands,” OpenAI said in a press release.

OpenAI said its revolving credit facility has expanded to $4.7 billion, which remains undrawn but gives it financial flexibility.

It also used the announcement to highlight its enterprise side, saying it now makes up 40 percent of its total revenue and will be around 50 percent by the end of 2026. It added that its coding agent Codex has over 2 million weekly users now, up fivefold in the last three months.

The company has reshaped its infrastructure over the past 15 months from a small number of core providers, and is building a “unified super app” to bring together ChatGPT, Codex, browsing, and its broader agentic features.

“Demand for AI systems is growing faster and becoming more diverse. No single architecture can efficiently meet the needs of the entire AI frontier,” OpenAI said. “To meet that demand and stay flexible, we are building a broader infrastructure portfolio across multiple cloud partners, multiple chip platforms, and deeper co-design across the stack.”

OpenAI said its expanded infrastructure now uses the cloud of Microsoft, Oracle, AWS, CoreWeave, and Google Cloud, and gets its silicon through NVIDIA, AMD, AWS Trainium, Cerebras, its own chip in partnership with Broadcom, and its data centers through partnerships with Oracle, SBE, and SoftBank.

“The OpenAI flywheel is simple. More compute drives more intelligent models. More intelligent models drive better products. Better products drive faster adoption, more revenue and more cashflow.”

The bet on an AI superapp comes amid a shift in focus, as OpenAI shut down its AI video-generation app Sora on Mar. 24.

OpenAI first introduced Sora in early 2024, a software that could generate feature film-like videos based on text prompts. It launched the standalone Sora app in September 2025.

A little over three months ago, Disney announced it would invest $1 billion in OpenAI and lend over 200 of its iconic characters for short, AI-generated videos in Sora. Disney said in a statement that it respects “OpenAI’s decision to exit the video generation business and to shift its priorities elsewhere.”