OpenAI (artificial intelligence company) announces $110 billion investment at $730 billion valuation

OpenAI (artificial intelligence company) announces $110 billion investment at $730 billion valuation

OpenAI completed a $110 billion funding round led by Amazon, Nvidia, and SoftBank, reaching a pre-money valuation of $730 billion and positioning itself among the world’s most valuable technology firms.

Summary

OpenAI announced the completion of a $110 billion funding round on February 27, achieving a pre-money valuation of $730 billion and a post-money valuation exceeding $840 billion. Major contributors include Amazon with $50 billion, Nvidia with $30 billion, and SoftBank with $30 billion. The company stated that the capital will be used to enhance its AI infrastructure and accelerate development of next-generation artificial intelligence models.

Terms & Concepts