� OpenAI secures first commitments in $100B round at $830B valuation

� OpenAI finalized the first commitments in a new funding round expected to total $100B. The deal values the company at about $830B and would be the largest private financing round on record.

� Key investors include SoftBank, Nvidia, Amazon, and Microsoft. OpenAI still generates $0 in annual profit and remains deeply unprofitable, with revenues projected to exceed expenses only by 2029, if at all.

� Much of the capital is expected to flow back to the same companies through infrastructure and compute spending. Money moves in a loop.

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