OpenAI has completed a record-breaking $110 billion funding round, significantly surpassing last year’s $40 billion raise. Key investors include Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion), elevating OpenAI’s pre-money valuation to $730 billion. CEO Sam Altman emphasizes the necessity for collective computing power as AI transforms the global economy. Concurrently, Amazon expands its partnership with OpenAI, committing an additional $100 billion over eight years, with AWS becoming the exclusive cloud provider for OpenAI’s newly launched Frontier platform. OpenAI’s collaboration with Nvidia will leverage extensive GPU resources to support its ambitious compute spending, targeting $600 billion by 2030. Despite substantial backing, OpenAI maintains its partnership with Microsoft, ensuring strong support amidst intensifying competition, particularly from Google’s Gemini and Anthropic. The company projects revenues exceeding $280 billion by 2030, reflecting equal contributions from consumer and enterprise sectors, while solidifying its leadership in the AI market.
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