OpenAI raises $110B on $730B pre-money valuation
OpenAI has raised $110 billion in private funding, the company announced Friday morning, commencing one of the largest private funding rounds in history. The new funding consists of a $50 billion investment from Amazon as well as $30 billion each from Nvidia and SoftBank, against a $730 billion pre-money valuation. Notably, the round remains open, and OpenAI expects more investors to join as it proceeds. “We are entering a new phase where frontier AI moves from research into daily use at global scale,” OpenAI said. “Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on.” As part of the investment, OpenAI is launching significant infrastructure partnerships with both Amazon and Nvidia….
