OpenAI closed its latest funding round with $110 billion, backed by industry majors Amazon, Nvidia and SoftBank, the company said Friday.
The round represents a new milestone for the ChatGPIT developer, more than doubling its size previous funding round. The $40 billion deal was the largest private technology deal ever.
The latest investment boosts OpenAI’s pre-money valuation to $730 billion, with Amazon giving $50 billion, Nvidia $30 billion and SoftBank $30 billion, OpenAI said in a Press release.
“Additional investors are expected as the round progresses,” the company said.
The funding will be used to support OpenAI’s development of artificial general intelligence (AGI), or human-level AI, as well as facilitate more widespread use of AI across industries.
“We are entering a new phase where the frontier is moving from AI research to everyday use on a global scale,” OpenAI said in the release. “Leadership will be defined by who can rapidly scale up infrastructure to meet demand, and turn that capacity into products that people trust.”
OpenAI also said it is expanding its existing $38 billion agreement with AWS to $100 billion over the next eight years.
Under the deal, AWS will serve as the exclusive third-party cloud delivery provider for Frontier, OpenAI’s enterprise platform designed to allow businesses to deploy and manage teams of AI agents. the border will remain Hosted on Microsoft Azure.
The expanded partnership also commits OpenAI to consume “approximately 2 gigawatts” of AWS Tranium chips, which will support demanding stateful runtime environments, frontiers, and other advanced workloads.
The partners will also collaborate to develop customized models to power AWS customer-facing applications, as well as create OpenAI models for use in Amazon AI products and agents.
“We have a lot of developers and companies that are eager to run services powered by the OpenAI model on AWS,” said Amazon CEO Andy Jassy. “Our unique collaboration with OpenAI to provide a stateful runtime environment will transform what is possible for customers building AI apps and agents.”
In the same announcement, OpenAI also said it would expand its partnership with Nvidia, with the company using 3GW of dedicated inference capacity and 2GW of training capacity on Nvidia’s Vera Rubin systems.
OpenAI stressed that this news does not affect its existing deal with Microsoft, with Microsoft Azure remaining the exclusive cloud provider for OpenAI’s API.
“Today’s announcements do not in any way change the terms of the Microsoft and OpenAI relationship,” the companies said. Said.
