OpenAI finalizes $100 billion funding round ahead of potential IPO

OpenAI is finalizing initial commitments for a $100 billion funding round at an $830 billion valuation. SoftBank, a Japanese investment firm, is anchoring the Series C financing with a $30 billion investment alongside massive contributions from Amazon, Nvidia, and Microsoft. The startup restructured as a standard corporation last fall and is currently preparing for an initial public offering as soon as the fourth quarter to cover its surging infrastructure costs.