OpenAI Secures $110 Billion Funding at $730 Billion Valuation
- OpenAI announced a $110 billion funding round, valuing the company at $730 billion pre-money.
- Key investors include SoftBank and NVIDIA, each contributing $30 billion, and Amazon with a $50 billion investment.
- The funds will enhance computing infrastructure to support growing demand for OpenAI’s products like ChatGPT, which now has over 900 million weekly active users.
- OpenAI’s Codex AI-powered coding assistant has expanded its user base to 1.6 million weekly users.
- An agreement with NVIDIA provides access to 3 gigawatts of inference capacity and 2 gigawatts of training power.
OpenAI’s recent funding round highlights significant investments from major tech players such as SoftBank, NVIDIA, and Amazon. This capital will bolster infrastructure to meet rising demand for AI solutions like ChatGPT and Codex.
Source (3.2)https://cryptobriefing.com/openai-investment-expansion-110-billion/?rand=59535
