OpenAI has secured a monumental $110 billion funding round, elevating its valuation to $730 billion. Major backers include SoftBank, Nvidia, and Amazon, each investing multi-billion-dollar sums to meet the rising global demand for artificial intelligence. This investment round, one of Silicon Valley’s largest, features $30 billion from SoftBank, $30 billion from Nvidia, and up to $50 billion from Amazon. OpenAI aims to utilize Amazon’s AWS cloud services and Nvidia’s advanced AI chips to enhance its offerings. The deal includes a $15 billion upfront investment from Amazon, with an additional $35 billion contingent on meeting certain milestones, such as going public or achieving artificial general intelligence. OpenAI reported over 900 million weekly active users of ChatGPT and a significant uptick in enterprise adoption, alleviating investor concerns about revenue generation amidst increasing competition from rivals like Anthropic and Google.
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