OpenAI finalises funding at $1trn value with Amazon, Softbank and Nvidia

OpenAI has raised $US110 billion ($155 billion) in a deal that values the start-up at $US730 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 is investing $US50 billion in the financing round, OpenAI said on Friday (Saturday AEDT), by far the largest amount the e-commerce giant has put into any company. SoftBank Group and Nvidia each invested $US30 billion, the company said. The firm’s new $US730 billion valuation doesn’t include the money raised. Post-money, it’s now valued at $US840 billion.

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Bloomberg