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OpenAI expands its record funding round above $120 billion

VERIFIEDConfidence: 80%

OpenAI has increased its ongoing fundraise to more than $120 billion, extending what is already the largest private funding round in history as the company weighs a potential IPO later this year. The expansion follows the $40 billion SoftBank-led round announced earlier in March 2026, which valued OpenAI at $300 billion.

The additional capital buys runway against OpenAI's substantial infrastructure costs -- data centers, compute, and talent -- and gives the company leverage in any IPO process. Going public while investors are still competing for access is a different position than going public out of necessity.

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