OpenAI raises $122 billion to accelerate the next phase of AI

OpenAI raises $122 billion in new funding to expand frontier AI globally, invest in next-generation compute, and meet growing demand for ChatGPT, Codex, and enterprise AI.

No, they didn't raise $122B as the HN title implies. A big chunk of that $122B is a "maybe" that depends on various things that need to happen in the future.

Oh, man... I can't wait to see where this is going. Might not be pretty after all.

Having large funding rounds contingent on meeting milestones is common. Always has been.
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