OpenAI raises $122 billion in boosted funding round

The eye-watering level of funding came in higher than originally projected, reflecting the surging costs of computing power and arriving amid lingering questions about whether OpenAI and other AI companies can generate sufficient revenue to cover expenses. "The capital being deployed today is helping build the infrastructure layer for intelligence itself," OpenAI said in a blog post. "Over time, that value will flow back into the economy, to companies, to communities, and increasingly to individuals."...