Accelerating the next phase of AI

Today, we closed our latest funding round with $122 billion in committed capital at a post money valuation of $852 billion.

OpenAI is becoming the core infrastructure for AI, making it possible for people around the world and businesses, big and small, to just build things. The broad consumer reach of ChatGPT creates a powerful distribution channel into the workplace, where demand is rapidly shifting from basic model access to intelligent systems that reshape how businesses operate. Developers build on and expand the platform by leveraging our APIs, and Codex is transforming how developers turn ideas into working software. Durable access to compute is the strategic advantage that compounds across the entire system: it advances research, improves products, expands access, and structurally lowers the cost of delivery at scale. Together, consumer adoption, enterprise deployment, developer usage, and compute form a reinforcing flywheel that is translating capability into economic impact.

OpenAI was the fastest technology platform to reach 10 million users, the fastest to 100 million users, and soon the fastest to 1 billion weekly active users. Within a year of launching ChatGPT, we reached $1B in revenue. By the end of 2024 we were generating $1B per quarter. We are now generating $2B in revenue per month. At this stage, we are growing revenue four times faster than the companies who defined the Internet and mobile eras, including Alphabet and Meta.

Demand for AI systems is growing faster and becoming more diverse. No single architecture can efficiently meet the needs of the entire AI frontier. To meet that demand and stay flexible, we are building a broader infrastructure portfolio across multiple cloud partners, multiple chip platforms, and deeper co-design across the stack.

Leadership across consumer and enterprise We are continually shipping advances across ChatGPT, the API, and our enterprise products. We recently launched GPT‑5.4, our most capable model yet, with meaningful gains in intelligence and workflow performance. We expanded Codex into a flagship coding agent. We pushed forward on memory, search, personalization, and multimodal interaction. We also expanded into areas like health, scientific discovery, and commerce.

This is commercial scale, and it is mission scale. The fastest way to widen the benefits of AI is to put useful intelligence in people’s hands early and let that access compound globally. AI is driving productivity gains, accelerating scientific discovery, and expanding what people and organizations can build. This funding gives us the resources to continue to lead at the scale this moment demands.

Our ambition is matched by the commitment of the partners backing us. The round was anchored by our strategic partners Amazon, NVIDIA, and SoftBank, with continued participation from our long-term partner, Microsoft. SoftBank co-led the round alongside a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates, Inc.

There was also significant participation from a diverse set of global institutions including Altimeter, Appaloosa LP, ARK Invest, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, Dragoneer, Fidelity Management & Research Company, Goanna Capital, Insight Partners, The Paragon Group, Sands Capital, Sequoia Capital, Sound Ventures, Temasek, Thrive Capital, UC Investments (University of California CIO Office), and Winslow Capital.