US EditionOpenAI Raises $110 Billion in Largest Private Tech Funding Round
OpenAI secures $110 billion in funding led by Amazon's $50 billion, Nvidia's $30 billion, and SoftBank's $30 billion to expand AI infrastructure and cloud partnerships.
- On Friday, OpenAI closed a $110 billion funding round that establishes a $730 billion pre-money valuation.
- Citing compute needs, OpenAI is targeting roughly $600 billion in compute spend by 2030, saying fresh cash will secure advanced AI chips and data center infrastructure.
- OpenAI will consume 2 gigawatts of AWS Trainium capacity, with $50 billion from Amazon, $30 billion each from Nvidia and SoftBank, as of Friday.
- Post-Money, the company is valued at $840 billion, and Amazon Web Services will be the exclusive third-party cloud provider for OpenAI Frontier, while Microsoft Azure’s terms remain unchanged.
- As the industry reacts, the deal sets a new private-financing record but raises concerns about "circular" financing and intensifies competition from Anthropic and Google's Gemini.
126 Articles
126 Articles
ChatGPT's developer hits hard with a record fundraiser of more than a hundred billion dollars. Amazon brings almost half of it. Nvidia and SoftBank are also involved in the operation, which values OpenAI at 730 billion dollars.
OpenAI announced that it had received a new investment of $110 billion (€93 billion). The company also signed a "strategic partnership with Amazon".
New milestone in the artificial intelligence industry. OpenAI announced this Friday a funding round of US$110 billion, more than double that obtained a year ago, which had set a record for a private technology company.The round constitutes the largest private financing ever.The operation raises its pre-money valuation (a company's valuation before receiving a new investment) to US$73 billion, compared to US$50 billion in secondary funding in Oct…
OpenAI raises $110B funding round led by Amazon, Nvidia, SoftBank, hits $730B valuation - Tech Startups
OpenAI has pulled off another record-smashing raise, locking in $110 billion in fresh capital and pushing its pre-money valuation to $730 billion. The scale of the round makes one thing clear: the race to build the infrastructure behind advanced AI […] The post OpenAI raises $110B funding round led by Amazon, Nvidia, SoftBank, hits $730B valuation first appeared on Tech Startups.
OpenAI's $110 billion funding round draws investment from Amazon, Nvidia, SoftBank
OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840b, in a deal that signals the feverish pace of investment in artificial intelligence. The funding round includes a $30b investment from SoftBank, $30b from Nvidia and $50b from Amazon, and comes ahead of the AI startup's expected mega-IPO later this year. Big Tech companies and large tech investors such as SoftBank are racing…
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