Feb 27 • 16:18 UTC 🇲🇽 Mexico El Financiero (ES)

Amazon, SoftBank, and Nvidia ‘bet’ on AI: Historic $110 billion funding for OpenAI

OpenAI has secured a historic $110 billion funding round led by Amazon, SoftBank, and Nvidia, boosting its valuation to $730 billion.

OpenAI, the company behind the AI chatbot ChatGPT, has announced a historic funding round amounting to $110 billion. This investment is led by major players in the tech industry, including Amazon, which is contributing $50 billion, and both SoftBank and Nvidia, each contributing $30 billion. This influx of capital significantly elevates OpenAI's pre-funding valuation to $730 billion, solidifying its position as one of the most valuable technology companies worldwide. The announcement highlights the growing importance of artificial intelligence in the current technological landscape.

Sam Altman, the CEO of OpenAI, expressed his excitement over the deal, emphasizing the transformative nature of AI across various sectors of the economy. During an interview with CNBC, he stated that "AI is going to be implemented everywhere" and noted the necessity of collective computing capacity to meet the soaring demand for AI solutions. This sentiment reflects a broader trend in the tech industry where large investments are increasingly directed towards AI technologies that promise significant economic impact and efficiency enhancements.

As part of this funding round, OpenAI anticipates participation from additional financial investors in the coming weeks. The announcement arrives at a time when OpenAI has reported substantial user engagement, with nearly 900 million users accessing ChatGPT on a weekly basis. Such figures indicate not just the popularity of the platform, but also the potential for further scalability and innovation in the AI space, potentially reshaping various sectors and how businesses operate, thus influencing global economic trends.

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