Economy March 31, 2026

OpenAI Raises $122 Billion in Landmark Financing Round at $852 Billion Valuation

Tech and finance heavyweights back effort to assemble a unified AI superapp as OpenAI broadens cloud and chip partnerships

By Derek Hwang
OpenAI Raises $122 Billion in Landmark Financing Round at $852 Billion Valuation

OpenAI closed a $122 billion funding round that values the company at $852 billion post-money. The financing was anchored by Amazon, NVIDIA and SoftBank, with Microsoft maintaining involvement. The company also expanded its credit facility, drew new infrastructure and chip partnerships, reported robust user and revenue metrics, and said it is assembling a single AI superapp that unites ChatGPT, Codex, browsing and agentic features.

Key Points

  • OpenAI closed a $122 billion funding round at an $852 billion post-money valuation, anchored by Amazon, NVIDIA and SoftBank, with Microsoft participating.
  • The company expanded a revolving credit facility to roughly $4.7 billion, supported by a broad syndicate of global banks; the facility is currently undrawn.
  • OpenAI reported more than 900 million weekly active ChatGPT users, over 50 million subscribers, $2 billion in monthly revenue, and enterprise revenue exceeding 40% of total, with parity with consumer revenue targeted by end of 2026.

OpenAI announced the successful close of a $122 billion financing round on Tuesday, establishing a post-money valuation of $852 billion.

The round was anchored by Amazon, NVIDIA and SoftBank, with Microsoft continuing its participation. SoftBank co-led the financing together with a16z, D. E. Shaw Ventures, MGX, TPG and accounts advised by T. Rowe Price Associates, Inc.

Additional investors taking part in the round include Altimeter, Appaloosa LP, ARK Invest, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, Dragoneer, Fidelity Management & Research Company, Goanna Capital, Insight Partners, The Paragon Group, Sands Capital, Sequoia Capital, Sound Ventures, Temasek, Thrive Capital, UC Investments and Winslow Capital.

OpenAI said it also raised more than $3 billion from individual investors via bank channels. The company will be added to several exchange-traded funds managed by ARK Invest.


On the financing side, OpenAI expanded its revolving credit facility to about $4.7 billion. The enlarged facility is supported by a syndicate of banks that includes JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Wells Fargo, Mizuho, Royal Bank of Canada, SMBC, UBS, HSBC and Santander. The company noted that the facility remains undrawn.

Operational metrics and product developments were also highlighted. ChatGPT now reports more than 900 million weekly active users and over 50 million subscribers. OpenAI said it generates $2 billion in revenue each month. Enterprise revenue accounts for more than 40% of total revenue and the company said it is on track for enterprise and consumer revenue to reach parity by the end of 2026.

On the product front, OpenAI has launched GPT-5.4. The company reported that its application programming interfaces process over 15 billion tokens per minute. It also said Codex serves more than 2 million weekly users, a fivefold increase over the past three months.

Strategically, OpenAI described plans to assemble a unified AI superapp that will combine ChatGPT, Codex, browsing and agentic capabilities into a single experience.

To support growth and operations, OpenAI expanded its infrastructure approach across multiple cloud providers, naming Microsoft, Oracle, AWS, CoreWeave and Google Cloud. The company also diversified compute across several chip platforms: NVIDIA, AMD, AWS Trainium and Cerebras, in addition to a chip developed in partnership with Broadcom.


The financing round, expanded credit capacity and infrastructure diversification mark a major funding and operational step for the company as it pursues product consolidation and revenue growth across consumer and enterprise segments.

Risks

  • The credit facility expanded to about $4.7 billion remains undrawn, leaving uncertainty over if and when that liquidity will be accessed or deployed - impacting banking and corporate financing arrangements.
  • OpenAI’s roadmap includes integrating ChatGPT, Codex, browsing and agentic functions into a single AI superapp, an ambitious product consolidation that carries execution uncertainty for software and cloud service sectors.
  • Reaching revenue parity between enterprise and consumer segments by the end of 2026 is a stated target; the timeline and outcome remain uncertain and are material to enterprise software and cloud service market expectations.

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