OpenAI closes $122 billion funding round valuing company at $852 billion

OpenAI announced completion of a boosted funding round raising $122 billion, bringing its valuation to $852 billion. The company stated the capital will support infrastructure for intelligence and development of a superapp combining ChatGPT, browsing, coding and agentic features. Reported in Indian economic media on April 1. It matters because it reflects unprecedented capital concentration in a single AI lab, accelerating its compute and product roadmap relative to peers.