OpenAI raises $122 billion, the largest single funding round in history.

OpenAI has completed the largest single-round funding round in history, raising $122 billion, bringing its post-money valuation to $852 billion. The round was led by Amazon, Nvidia, and SoftBank, among others. Simultaneously, due to daily costs of $1 million and low user retention, OpenAI shut down its video generation product, Sora. This marks a shift in the company's strategy from impressive demos to pragmatic commercialization, focusing on stable cash flow businesses such as text models, code generation, and enterprise services, paving the way for an IPO and aiming to become the AI infrastructure layer.