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(Sharecast News) - ChatGPT maker and AI giant OpenAI has raised $110bn in new funding from SoftBank, Nvidia and Amazon, the company announced on Friday.
The investment round, which comprised $30bn from SoftBank, $30bn from Nvidia and $50bn from Amazon, valued OpenAI at $730bn before the new funding.
OpenAI also announced expansions to two major strategic partnerships: bringing the OpenAI Frontier enterprise platform to Amazon Web Services customers using AWS infrastructure; and securing next generation inference compute with Nvidia.
"These partnerships expand our global reach, deepen our infrastructure, and strengthen our balance sheet so we can bring frontier AI to more people, more businesses, and more communities worldwide," the company said in a statement.
The latest valuation means that the OpenAI Foundation's stake in OpenAI Group has risen to over $180bn.
"We're pushing the frontier across infrastructure, research, and products to make AI more capable, reliable, and broadly useful," said Sam Altman, co-founder and CEO of OpenAI.
"SoftBank, NVIDIA, and Amazon are long-term partners who share our ambition to turn real scientific progress into systems that deliver meaningful benefits for people at global scale."
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