OpenAI will raise an additional $10 billion from private investors to cover artificial intelligence expenses.

OpenAI raised almost $120 billion for infrastructure development and training new language models

In the current funding round, the company secured large sums from Amazon, Nvidia, and SoftBank—about $110 billion. The remaining $10 billion will be raised from smaller institutional investors.

Bloomberg blogger clarified details based on an interview with OpenAI CFO Sarah Friar that she conducted for CNBC. Friar said that this portion of the round will include players such as Andreessen Horowitz, MGX from Abu Dhabi, D.E. Shaw Ventures, TPG, and T. Rowe Price. The $10 billion fundraising is planned to be completed next week.

Considering investments from strategic investors (Amazon, Nvidia, SoftBank)—approximately $110 billion—the total capital raised will exceed $120 billion. This will lift OpenAI’s market capitalization to $850 billion and also mark a record scale of industry financing.

In addition, new round participants include Coatue Management, Thrive Capital, and Altimeter Capital (according to Bloomberg). Microsoft—OpenAI’s most experienced partner whose involvement the company still highly values—will also join.

For comparison, competing company Anthropic is currently valued at $380 billion after raising $30 billion last month.