OpenAI Secures $122 Billion Funding at $852 Billion Valuation, Plans to Go Public This Year

OpenAI recently announced the completion of a new funding round totaling $122 billion, soaring the company's valuation to $852 billion. As the company's largest funding initiative to date, this move not only significantly expands its financial reserves for AI chip development, data center construction, and talent acquisition but is also seen as a key precursor to its IPO push this year.

This round of funding was led by SoftBank, Andreessen Horowitz, DE Shaw Ventures, MGX, TPG, and T. Rowe Price Associates, with participation from tech giants such as Amazon, NVIDIA, and Microsoft. Additionally, approximately $3 billion came from individual investors, and the inclusion of several ETFs under ARK Invest further expanded its shareholder base before the listing.

While strengthening its capital structure, OpenAI expanded its revolving credit line to $4.7 billion, with support from several top global banks. Although the credit line has not been utilized yet, combined with its S-1-style funding announcement, it demonstrates the company's financial flexibility amid soaring computational infrastructure costs. Performance data shows that OpenAI's monthly revenue has reached $2 billion, with revenue growth far exceeding that of early-stage Alphabet and Meta. Currently, its weekly active users have surpassed 900 million, with over 50 million subscription users, and search usage has tripled year-over-year.

In terms of business structure, OpenAI's advertising pilot project contributed over $100 million in annual recurring revenue within six weeks, with B2B revenue now accounting for 40% of total revenue. Driven by the latest model GPT-5.4 for agent workflows, the company expects B2B revenue to match consumer revenue by the end of 2026. OpenAI is committed to building an "AI super app" to dominate the core interaction interface. The completion of this funding round marks OpenAI's transition from pure technology R&D to comprehensively building a public market narrative, with its operational logic smoothly shifting from early expansion to stable IPO expectations.