OpenAI said on Tuesday that it had raised an additional $12 billion as part of its latest funding round, bringing the total of this new investment round to an eye-popping $122 billion.
The round values OpenAI at $730 billion, the same as when the company first announced the deal in February.
With the deal, OpenAI cemented its place as one of the most valuable private companies in the world alongside SpaceX, the rocket company founded by Elon Musk, and ByteDance, the maker of TikTok.
“The fastest way to widen the benefits of A.I. is to put useful intelligence in people’s hands early and let that access compound globally,” the company said in a blog post. “This funding gives us the resources to continue to lead at the scale this moment demands.”
The Japanese conglomerate SoftBank led the round along with the venture firms Andreessen Horowitz and D.E. Shaw Ventures, the United Arab Emirates investment firm MGX and other investors.
SoftBank and the chipmaker Nvidia, which had both previously invested in OpenAI, each contributed $30 billion. Amazon, a new investor in OpenAI, pumped $50 billion into the artificial intelligence start-up.
OpenAI faces growing competition from A.I. start-ups like Anthropic and tech giants like Google, as both businesses and consumers adopt A.I. tools in increasingly large numbers. OpenAI says its chatbot, ChatGPT, is now used by over 900 million people each week.
On Tuesday, the company said it was pulling in over $2 billion a month in revenues. But OpenAI is still unprofitable and needs enormous amounts of money to pay for computing power, A.I. talent and other needs. The company pulled in revenue totaling more than $13 billion in 2025, but expects to spend $115 billion over the next four years.
The start-up, based in San Francisco, hopes to make an initial public offering as soon as the end of this year, but it must first work to balance its books so that it is more attractive to Wall Street investors.
The $12 billion added to the company’s latest funding round came from a wide range of investors from across the globe. The company said that for the first time, it extended participation in a funding round through banks, raising over $3 billion from individual investors.
(The New York Times sued OpenAI and Microsoft in 2023 for copyright infringement of news content related to A.I. systems. The two companies have denied those claims.)
Cade Metz is a Times reporter who writes about artificial intelligence, driverless cars, robotics, virtual reality and other emerging areas of technology.
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