OpenAI says it has raised $122 billion in a new funding round, valuing the company at approximately $852 billion, as competition to build large-scale artificial intelligence infrastructure intensifies.
The round was backed by a group of major technology and financial firms, including Amazon, Nvidia, SoftBank, and Microsoft, alongside investment firms such as Andreessen Horowitz and TPG.
The company says the funding will be used to expand its infrastructure, develop new AI systems, and scale its products globally.
Rapid growth and scale claims
OpenAI says its flagship product, ChatGPT, continues to see rapid growth, with more than 900 million weekly active users and over 50 million subscribers.
The company says it is now generating approximately $2 billion in revenue per month, adding that it has grown faster than earlier internet-era companies such as Alphabet and Meta.
OpenAI also says enterprise customers now account for more than 40 percent of its revenue and could reach parity with consumer usage by 2026.
The company says its APIs process more than 15 billion tokens per minute, while its coding product Codex has more than 2 million weekly users.
Compute and infrastructure strategy
The company emphasized the role of computing infrastructure as a central factor in its strategy.
OpenAI says its systems continue to rely heavily on hardware from Nvidia, while also expanding its infrastructure partnerships across multiple cloud providers, including Oracle, Amazon Web Services, Google Cloud, and CoreWeave.
The company says it is also working across different chip platforms, including systems from AMD, Cerebras, and custom silicon developed with Broadcom.
In addition, OpenAI says it has expanded a revolving credit facility to around $4.7 billion, supported by a group of global banks.
Product and platform development
OpenAI says it has continued to release updates across its product portfolio, including a new model, GPT-5.4, and expanded capabilities in areas such as coding, search, and personalization.
The company also says it is developing what it describes as a unified “AI superapp,” combining ChatGPT, Codex, and other tools into a single system designed to handle tasks across workflows and applications.
According to the company, demand is shifting from basic access to AI models toward systems that can perform more complex, task-oriented functions.
Broader implications
The funding reflects a wider trend in the technology sector, where companies are investing heavily in infrastructure to support increasingly complex AI systems.
OpenAI says its strategy is based on what it describes as a “flywheel” effect, where increased computing capacity leads to more capable models, which in turn drive higher usage and revenue.
The company says the goal is to expand access to AI tools globally and position its platform as a central layer for both consumer and enterprise applications.
The announcement comes as competition in the AI sector continues to intensify, with major technology companies and startups investing in computing capacity, models, and applications at scale.
