At a Glance · AI-generated

OpenAI closed a record $120 billion funding round between March 23-27, according to company executives, as the AI firm races toward a potential 2026 initial public offering. The round included a $40 billion loan from SoftBank and attracted private equity firms with guaranteed return agreements. In investor documents, OpenAI flagged its reliance on Microsoft as a business risk ahead of the IPO push, distinguishing its financial position from competitor Anthropic's balance sheet.