Travis Hoium

OpenAI is raising $122 billion.

What comes next?

Motley Fool Money starts now.

Welcome to Motley Fool Money.

I'm Travis Hoey.

I'm joined today by Rachel Warren and Lou Whiteman.

And guys, the big headline of the end of the day yesterday was that OpenAI has, I guess, officially now raised $122 billion.

I don't think they have all the cash yet.

But this is companies like Amazon, SoftBank.

Microsoft is apparently back in the game, investing in OpenAI.

But Lou, I'm curious about a couple of things.

This, I think, is definitely the biggest raise in Silicon Valley, maybe even the biggest single raise ever for a company, and they're not really close to being profitable.

Does this bring an IPO closer?

The ARK funds are investing, so now retail is coming in as well, through a backdoor.

What are your thoughts on that?

I know it's a big question, but it just seems like they're setting up for this IPO, but yet they still are burning through tons and tons of cash.

That's so crazy, but that is true.

Yeah.

Rachel, what did you think when you saw this?

Like Lou said, some of this we kind of knew was coming, and we knew they needed a bunch of cash, because their projections are just in insane amounts of cash burn over the next few years.