OpenAI CEO Sam Altman announced new partnerships with Amazon, Nvidia, and Softbank, resulting in a $100 billion investment that increases the company’s pre-money valuation to $730 billion. This funding represents one of the largest private funding rounds ever, leveraging $50 billion from Amazon, $30 billion from Nvidia, and $30 billion from Softbank. The ongoing collaboration with Amazon, which builds on an existing $38 billion agreement, aims to expand AI capabilities through a planned $100 billion investment over the next eight years. Key developments will include a Stateful Runtime Environment hosted on Amazon Web Services (AWS), enabling custom AI applications for Amazon. Microsoft, an established partner since 2019, confirmed that these new investments will not alter their relationship, maintaining Azure as the exclusive cloud provider for OpenAI APIs. This shift reflects the growing demand for vast computing power in the AI sector, essential for transforming the global economy.
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