Watch CNBC's Full Interview with OpenAI CEO Sam Altman and Amazon CEO Andy Jassy

OpenAI secures $110 billion funding from Amazon, Nvidia, SoftBank; valuation hits $730 billion

ChatGPT maker OpenAI has secured USD 110 billion in funding from Amazon, Nvidia, and SoftBank, pushing the company’s pre-money valuation to USD 730 billion. Amazon is leading the trio of tech heavyweights with a commitment of USD 50 billion. Nvidia and SoftBank have each committed USD 30 billion, OpenAI co-founder and CEO Sam Altman said on Friday. Additional investors are expected to join as the funding round progresses. Amazon will begin with …

Amazon & The Cost of (AI) Lateness

Om Malik, On my Om Amazon, on the other hand, is paying a big price for being slow, lumbering, bureaucratic, and woefully slow in getting on the "AI" bandwagon.

OpenAI raises 110B dollars from Amazon, Nvidia, SoftBank; valuation hits 730B

New York: ChatGPT maker OpenAI has received USD 110 billion in funding from Amazon, SoftBank and Nvidia, putting the technology company’s pre-money valuation at USD 730 billion. Amazon is leading the trio of tech heavyweights in commitments, putting up USD 50 billion, followed by USD 30 billion each from Nvidia and SoftBank, said OpenAI co-founder and CEO Sam Altman on Friday. Other investors are anticipated to join as the funding round progress…

OpenAI raises $110 billion from Amazon, Nvidia, Softbank at post-money valuation of $840 billion

This is the largest funding round for any AI startup to date. Led by Amazon, with participation from Nvidia and SoftBank, the deal underscores the massive capital backing of frontier AI as it moves from research to large-scale commercial deployment.

Watch CNBC's full interview with OpenAI CEO Sam Altman and Amazon CEO Andy Jassy

OpenAI CEO Sam Altman and Amazon CEO Andy Jassy join 'Squawk Box' to discuss OpenAI's $110 billion funding round, details of OpenAI-Amazon's strategic partnership and $50 billion investment, future of agentic AI, news of Anthropic rejecting Pentagon's offer in AI safeguard fight, impact of AI on the labor market, and more.

OpenAI Eyes Massive Funding Round

OpenAI is reportedly seeking to raise $110 billion in a new funding round, valuing the company at $840 billion. This significant investment underscores the intense interest and competition surrounding artificial intelligence technologies. OpenAI is best known as the creator of ChatGPT, a conversational AI, and DALL-E, an image generation model. The company aims to ensure that artificial general intelligence benefits all of humanity. The funding …