OpenAI Raises $110 Billion in the Largest Private Funding Round Ever

Source: Slashdot

Funding Round Overview

OpenAI has closed what is now the largest private financing in history—a $110 billion round at a $730 billion pre‑money valuation. This more than doubles the $40 billion raise completed a year ago, which was itself a record for a private tech company at the time.

Key Investors

• Amazon – $50 billion
• SoftBank – $30 billion
• Nvidia – $30 billion

Additional investors are expected to join as the round progresses.

Valuation and Comparisons

• The new valuation jumps sharply from the $500 billion OpenAI commanded in a secondary financing in October.
• The round dwarfs recent raises by rivals: Anthropic ($30 billion) and xAI ($20 billion).

Future Plans

• OpenAI is targeting roughly $600 billion in total compute spend by 2030, a more measured figure than the $1.4 trillion in infrastructure commitments CEO Sam Altman had previously touted.
• Projected revenue for 2030 is over $280 billion, split roughly equally between consumer and enterprise segments.
• ChatGPT now has over 900 million weekly active users and more than 50 million paying subscribers.