OpenAI is on track to close a first‑phase funding round that could raise $100 billion, pushing the company’s valuation past $850 billion. Bloomberg sources say the pre‑funding value will stay near $730 billion. The deal signals a new era for the ChatGPT maker as it prepares to scale its AI infrastructure.

Key Wall Street players—Microsoft, NVIDIA and Amazon—have already committed to the round, according to insiders. The capital injection will help OpenAI weather the massive costs of training and developing its models, costs that have kept the company in the red for years. Investors will watch how the cash is deployed.

OpenAI is expected to keep posting losses until at least 2029, but analysts project a sharp revenue uptick A potential IPO could materialize by the end of 2026, giving the startup a public exit path while it continues to invest heavily in AI research and infrastructure.

This round cements OpenAI’s status as the world’s most valuable startup, but the hefty price tag and ongoing losses underscore the risk profile for investors. The infusion will fund next‑generation models, yet the company’s long‑term profitability remains uncertain until its infrastructure pays off.