OpenAI Raises $110 billion, Including $50 billion from Amazon

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo
FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo
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OpenAI Raises $110 billion, Including $50 billion from Amazon

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo
FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration//File Photo/File Photo

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion dollar commitments as the artificial intelligence company races to meet surging global demand, AFP reported.

The investment round -- one of the largest in Silicon Valley history -- includes $30 billion from Japanese conglomerate SoftBank, $30 billion from chip giant NVIDIA, and $50 billion from Amazon, with additional investors expected to join as the round progresses.