OpenAI raises $110 billion from Amazon, NVIDIA, and SoftBank, reaching $730 billion valuation

engadget.com

OpenAI secured $110 billion in funding from Amazon, NVIDIA, and SoftBank, valuing the company at $730 billion. The investment includes $50 billion from Amazon, $30 billion from NVIDIA, and $30 billion from SoftBank. Strategic partnerships with Amazon and NVIDIA will involve cloud services and computing resources. The funding is staggered, with some contingent on achieving artificial general intelligence. OpenAI forecasts significant losses through 2026 but projects $100 billion in revenue by 2029.


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