OpenAI’s gigantic new funding round renews fears about the company’s profitability and cash burn

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. I’m Mark Sullivan, a senior writer at Fast Company, covering emerging tech, AI, and tech policy. This week, I’m focusing on OpenAI’s gigantic new funding round and valuation. I also look at a recent leak around Anthropic’s models, and at backlash to ads placed in GitHub Copilot. Sign up to receive this newsletter every week via email here. And if you have comments on this issue and/or ideas for future ones, drop me a line at [email protected], and follow me on X (formerly Twitter) @thesullivan.  OpenAI closes $122 billion funding round at $852 billion valuation OpenAI has closed what may be the largest private funding round ever, raising $122 billion (well more than the $110 billion target it announced in February.) The company is now valued at $852 billion, making it more valuable than most publicly traded companies. Investors include some of the biggest (an