OpenAI just closed the biggest funding round in Silicon Valley history

The $122 billion funding round values the ChatGPT maker at $852 billion and comes ahead of an IPO expected later this year

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OpenAI closed a $122 billion funding round at a post-money valuation of $852 billion, the largest funding round in Silicon Valley history, the company said. The round was anchored by strategic partners Amazon $AMZN, Nvidia $NVDA, and SoftBank, with continued participation from Microsoft $MSFT.

SoftBank co-led the round alongside Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price $TROW Associates. A broader group of institutional investors also........

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