US EditionOpenAI Raises $110 Billion in Largest Private Tech Funding Round
OpenAI's $110 billion funding round led by Amazon enables massive computing capacity and infrastructure expansion amid intensifying AI competition, with 900 million weekly ChatGPT users, company said.
- 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.
184 Articles
184 Articles
ChatGPT developer OpenAI has secured 110 billion dollars in a new round of financing.
OpenAI, creator of ChatGPT, will receive $110 billion in funding from Amazon, SoftBank and Nvidia, bringing the tech company's pre-investment valuation to $730 billion.
OpenAI's big investment from AWS comes with something else: new 'stateful' architecture for enterprise agents
The landscape of enterprise artificial intelligence shifted fundamentally today as OpenAI announced $110 billion in new funding from three of tech's largest firms: $30 billion from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon.But while the former two players are providing money, OpenAI is going further with Amazon in a new direction, establishing an upcoming fully "Stateful Runtime Environment" on Amazon Web Services (AWS), the…
The investors in this round are Amazon, Nvidia, already linked with the company, and Japanese SoftBank.
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