OpenAI announced the close of a $122 billion funding round that lifts its post‑money valuation to $852 billion. The round adds $3 billion from retail investors and includes major strategic backers such as Amazon, Nvidia, SoftBank and Microsoft. The company reported $2 billion in monthly revenue and 900 million weekly active users, but remains unprofitable and is scaling back experimental projects like the Sora video app. CEO Sam Altman now faces pressure to justify the valuation as the firm pivots toward practical, revenue‑generating AI products. Read more →