OpenAI, not yet public, raises $3B from retail investors in monster $122B fund raise

OpenAI raises $3 billion from private investors in a massive $122 billion funding round led by Amazon, Nvidia, and SoftBank. The AI laboratory is now valued at $852 billion, signaling massive investor confidence as it prepares for a potential IPO. This funding surge reflects growing competition in AI development and OpenAI's dominant market position.