OpenAI Secures $110 Billion Investment from Amazon, Nvidia, and SoftBank
By
Terrence O’Brien
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
OpenAI has secured $110 billion in new funding from major tech investors including Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion). The funding round comes as OpenAI reports having over 900 million weekly active users and 50 million consumer subscribers for ChatGPT. Amazon's investment includes a strategic partnership for custom models, while Nvidia's participation occurs despite its previous $100 billion investment plan being 'on ice.' This massive influx of capital values OpenAI at $730 billion.
Key quotes
· 4 pulledOpenAI has closed another round of funding, totalling $110 billion being newly committed to the maker of ChatGPT
Amazon is investing $50 billion and striking a deal that includes plans for custom models and more
Nvidia and SoftBank are each contributing $30 billion, as well, even as the Wall Street Journal notes that Nvidia's previous $100 billion investment plan is 'on ice'
This marks another massive influx of cash for the company that's now valued at $730 billion
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