Our Take
$122B is staggering, but the real story is the strategic pivot: shutting down Sora to funnel compute toward enterprise and coding. OpenAI is betting its future on being the enterprise AI backbone, not a creative tool.
The Deal
OpenAI closed its record-breaking funding round at $122 billion on March 31, 2026, surpassing the $110 billion initially announced in February. The round cements OpenAI's position as the most valuable private technology company in history.
Revenue Growth
The company is now generating $2 billion per month in revenue. OpenAI recently launched a new $100/month ChatGPT Pro tier and is projecting $2.5 billion in advertising revenue for 2026, with ambitions to reach $100 billion annually by 2030.
Product Strategy Shift
Notably, OpenAI is discontinuing its Sora video generation platform — with the app closing April 26 and the API following in September — signaling a strategic pivot away from creative tools and toward enterprise and coding products. Disney, which had committed $1 billion to a Sora partnership, reportedly learned of the shutdown less than an hour before the public announcement.
What's Next
The IPO preparation is widely expected to redefine AI market dynamics. OpenAI has also expanded ChatGPT Business and Enterprise with Codex-only seats on pay-as-you-go pricing, signaling the company's enterprise focus.