OpenAI Raises $110 Billion Funding Led by Amazon, Nvidia, and SoftBank

OpenAI has secured a record $110 billion funding round led by Amazon, Nvidia, and SoftBank, valuing the company at $730 billion pre-money and $840 billion post-money. Amazon is investing $50 billion in stages and will provide cloud infrastructure and AI chips, with OpenAI committing to spend $100 billion on AWS over eight years. Nvidia and SoftBank each contributed $30 billion. The funding supports OpenAI's expansion of AI products and computing capacity ahead of a potential IPO, while maintaining existing partnerships, including with Microsoft.