‘$2bn monthly revenues’, OpenAI now values $850 bn after raising $122 bn

OpenAI, the company behind one of the largest language model ChatGPT, has raised $122 billion in its latest funding round. This marks an increase from the $110 billion figure the company announced in February.

The round was co-led by SoftBank, alongside major investors such as Andreessen Horowitz and D. E. Shaw Ventures, OpenAI said, marking one of the largest funding rounds ever for an AI company. This investment reflects strong investor confidence in the future of artificial intelligence.

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