OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO

OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion.

The round totaled $122 billion of committed capital, up from the $110 billion figure that the company announced in February. SoftBank
 co-led the round alongside other investors, including Andreessen Horowitz and D. E. Shaw Ventures, OpenAI said.