No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - ChatGPT owner OpenAI said late on Tuesday that it had closed a record funding round, valuing the business at $852bn on a postmoney basis.
OpenAI's latest round brought in $122bn of committed capital, up from the $110bn flagged in February, with SoftBank coleading the raise alongside investors including Andreessen Horowitz and DE Shaw Ventures.
OpenAI has grown into one of the world's fastestexpanding tech companies. As of March, ChatGPT had more than 900m weekly active users, including over 50m paying subscribers.
"AI is driving productivity gains, accelerating scientific discovery, and expanding what people and organizations can build," said OpenAI. "This funding gives us the resources to continue to lead at the scale this moment demands."
With the close of its latest funding round, OpenAI chief executive Sam Altman will be under pressure to justify the firm's massive valuation, especially as it gears up for a potential IPO. The startup has been retreating from some hefty spending plans and shuttering certain features and products in recent months, including its short-form video app Sora, as it looks to rein in costs.
OpenAI added that it was generating roughly $2bn in monthly revenue, having booked $13.1bn in 2025. However, the company remains lossmaking and continues to burn through cash.
"Moments like this do not come often," OpenAI said. "The capital being deployed today is helping build the infrastructure layer for intelligence itself. Over time, that value will flow back into the economy, to companies, to communities, and increasingly to individuals."
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.