OpenAI funding on track to top $100 billion with latest round

Core Insights - OpenAI is nearing the completion of a funding round that could exceed $100 billion, marking a record-breaking financing deal aimed at enhancing its artificial intelligence tools [5] - The overall valuation of OpenAI, including the anticipated funding, may surpass $850 billion, which is an increase from the previously expected $830 billion [5] - The pre-money valuation of OpenAI is reported to be $730 billion [5] Funding Details - The initial phase of the funding will primarily involve strategic investors such as Amazon, SoftBank, Nvidia, and Microsoft, with potential commitments nearing $100 billion if investments are made at the higher end of discussions [1][5] - Amazon is expected to invest up to $50 billion, SoftBank up to $30 billion, and Nvidia around $20 billion, with funds anticipated to be disbursed in multiple tranches throughout the year [3][5] - The subsequent phase of the funding will include venture capital firms, sovereign wealth funds, and other financial investors, which may significantly increase the total fundraising amount [2][5] Strategic Partnerships - As part of its collaboration with Amazon, OpenAI plans to enhance its utilization of Amazon's chips and cloud computing services [4][5]