We closed our latest funding round, raising $122 billion and reaching a valuation of $852 billion.
OpenAI is becoming the main platform for AI. We help people in businesses everywhere build new things. ChatGPT’s wide reach establishes it as a strong channel for workplace AI. More companies now seek smart systems that transform how they work. Developers use our APIs to build on our platform. Codex enables them to turn ideas into real software. Reliable computing power gives us an edge across the board. It supports research, improves our products, expands AI’s availability, and reduces costs as we grow. Consumer use, business adoption, developer activity, and computing power all combine. These forces convert our technology into real economic results.
OpenAI reached 10 million users faster than any other tech platform, then hit 100 million, and we’re on track to reach one billion weekly active users soon. Within a year of launching ChatGPT, we generated $1 billion in revenue. By the end of 2024, we were earning $1 billion per quarter, and now we’re bringing in $2 billion per month. Our revenue is growing 4 times faster than that of companies that shaped the internet and mobile eras, such as Alphabet and Meta.
We’ve reached both commercial and mission scale. The best way to spread the benefits of AI is to get useful tools into people’s hands as soon as possible and let their impact grow worldwide. AI is boosting productivity, speeding up scientific advances, and helping people and organizations create more. This funding gives us what we need to keep leading at this important time.
Deep Conviction Across Global Capital
We are proud to have strong support from our partners. Amazon, NVIDIA, and SoftBank led this funding round with Microsoft continuing its long-term involvement. Several other major financial institutions and investment firms also participated.
Many leading global institutions joined this round, including prominent asset managers, venture capital firms, and sovereign funds from around the world.
For the first time, we opened investment to individuals through banks, raising over $3 billion. OpenAI will also be included in several ARK Invest exchange-traded funds (ETFs), making it easier for more people to benefit from our work and the AI industry.
We’ve increased our revolving credit facility to about $4.7 billion, providing us with greater flexibility for future investments. This facility is backed by a group of global banks, including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Wells Fargo, Mizuho, Royal Bank of Canada, SMBC, UBS, HSBC, and Santander. We have not drawn on this facility yet.
Leadership Across Consumer and Enterprise
We continue to enhance ChatGPT, our API, and enterprise products with GPT 5.4, offering improved intelligence and workflow performance. Codex has become our leading coding agent. We are making strides in memory, search, personalization, multimodal features, and expanding into health, science, and commerce.
Our products make a clear impact. Column ChatGPT now has over 900 million weekly users and more than 50 million subscribers. It leads in web and mobile engagement, user time, and has tripled search usage in a year. Our ads pilot reached $100 million in annual revenue within six weeks, reflecting the integration of advanced AI into daily life.
The enterprise business is rapidly growing, now over 40% of revenue, and is on track to match consumer revenue by late 2026. GPT 5.4 drives record engagement in agent workflows. Our APIs process 15 billion tokens per minute, and Codex’s user base has increased fivefold in three months, with 70% month-over-month usage.
Compute is a Competitive Advantage
Compute is essential for every part of AI, from research and models to products and revenue. Since ChatGPT launched, both our revenue and computing power have grown quickly as demand for AI has increased.
Each new generation of infrastructure lets us train smarter models, so each token becomes more intelligent. At the same time, better algorithms and hardware lower the cost to serve each token. This added intelligence makes AI more helpful for complex tasks, increasing compute usage and demand, and speeding up our progress.
This creates a compounding effect: better infrastructure and better models, lower delivery costs, while improved products and more enterprise use increase revenue per unit of compute. As more people use our platform and it matures, we gain greater operating leverage. A number of core providers are needed to meet the scale and reliability requirements of global AI deployment.
NVIDIA is still the core of our infrastructure. Most of our training and inference systems run on NVIDIA GPUs, and with this funding, we’re strengthening that partnership while we grow.
The growing and diversifying demand for AI means no single system suffices to meet evolving needs and ensure flexibility and scalability. We are expanding our infrastructure through multiple cloud providers (supporting different chip architectures), and strengthening collaboration across the technology stack.
Our strategy now covers a broad ecosystem. Current cloud providers include Microsoft, Oracle, AWS, CoreWeave, and Google Cloud. Chip partners feature NVIDIA, AMD, AWS Trainium, Cerebras, and our in-development chip with Broadcom. And we maintain data center partnerships with Oracle, SBE, and SoftBank.
The OpenAI growth cycle is simple. More computing leads to smarter models. Smarter models create better products. Better products mean faster adoption, more revenue, and more cash flow. This lets us reinvest and deliver intelligence more efficiently to people and businesses everywhere.
Building an AI super app
We are building a unified AI super app because smarter models need to be easy to use. People do not want separate tools; they want one system that understands, takes action, and works across apps, data, and workflows. Our super app combines ChatGPT, Codex, browsing, and other features into one user-focused experience.
This is more than just making our product simpler. It is also a way to reach more people and get our technology into their hands. By bringing everything together, we can turn improvements in our models into real benefits for users. When people use our tools in their daily lives, it makes it easier for businesses to adopt them too. Having a single main product also helps us improve quickly, release updates smoothly, and make the most of our agent features.
The result will be a system where everything works closely together. Our infrastructure enables intelligence that drives our agents and products, making them helpful to people everywhere.
Opportunities like this are rare. In the past, investments helped create the systems that shaped our world, like electricity, highways, and the internet. We are at a similar turning point now. The money being invested today is building the foundation for intelligence. Over time, this value will return to the economy, to companies, communities, and more and more to individuals.
Help lead the future of AI. Contact us today to share your ideas, collaborate, and help build a super app that serves everyone.
Source: OpenAI raises $122 billion to accelerate the next phase of AI
