OpenAI's latest funding round has surpassed $120 billion, with an additional $10 billion to be raised next week.

According to 1M AI News , OpenAI CFO Sarah Friar confirmed that the company has secured an additional $10 billion in funding on top of its $110 billion February funding round, bringing the total to "over $120 billion," breaking the global record for a single funding round. Investors in the additional round include a16z, Abu Dhabi MGX, DE Shaw Ventures, TPG, and T. Rowe Price, with the deal expected to close next week.

The February round of funding was led by Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion), valuing the company at $730 billion pre-money.