"OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker's largest funding round to date and bolstering its costly push to secure more computing power and talent for AI development."
"Amazon.com Inc. is investing $50 billion in the financing round, OpenAI said Friday, by far the largest amount the e-commerce giant has put into any company. Amazon will initially invest $15 billion, followed by another $35 billion in the coming months when certain conditions are met."
"As part of the agreement, OpenAI will use Amazon's line of in-house AI chips, called Trainium, and jointly develop customized models for Amazon's own engineering teams. OpenAI will also spend an additional $100 billion on Amazon Web Services over the next eight years."
OpenAI secured $110 billion in funding, reaching a $730 billion valuation in its largest funding round. Amazon committed $50 billion ($15 billion initially, $35 billion conditional), while SoftBank and Nvidia each invested $30 billion. The post-money valuation reached $840 billion. OpenAI plans additional investor participation as the round progresses. This funding supports OpenAI's substantial AI infrastructure spending, with the company previously committing over $1.4 trillion to AI development. As part of the agreement, OpenAI will utilize Amazon's Trainium AI chips, jointly develop customized models for Amazon's engineering teams, and spend an additional $100 billion on Amazon Web Services over eight years, strengthening the partnership between the two companies.
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