OpenAI has secured $122 billion in its latest funding round, pushing its post-money valuation to $852 billion (AU$1.23 trillion). Major backers include tech giants like Amazon, Nvidia, Microsoft, and SoftBank. This funding announcement follows a previous $110 billion round that valued the company at $730 billion. OpenAI has also opened the door for individual investors, raising over $3 billion. Despite impressive revenues of $13.1 billion last year and current earnings of $2 billion per month, the company remains unprofitable due to high operational costs linked to AI model training and infrastructure development. If it maintains its spending pace, OpenAI could spend half a trillion dollars by 2030. Stay tuned for ongoing updates on this rapidly evolving story. For more insights, consider subscribing to Forbes Australia or becoming a member to access exclusive content.
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