OpenAI gets $110 billon in funding from a trio of tech powerhouses, led by Amazon

Funding and Valuation - OpenAI has secured $110 billion in funding from Amazon, SoftBank, and Nvidia, resulting in a pre-money valuation of $730 billion [1] - Amazon is the largest contributor with an initial investment of $50 billion, followed by Nvidia and SoftBank, each committing $30 billion [1] Investment Details - Amazon's investment will begin with $15 billion, followed by an additional $35 billion contingent on preset conditions [2] - The funding will enhance OpenAI's global reach, infrastructure, and balance sheet, facilitating the delivery of frontier AI to a broader audience [2] User Engagement - ChatGPT boasts over 900 million weekly active users and more than 50 million consumer subscribers [2] Strategic Partnerships - OpenAI is entering a new phase where frontier AI transitions from research to widespread daily use, emphasizing the importance of scaling infrastructure to meet demand [3] - OpenAI and Amazon will expand their existing $38 billion multiyear deal by an additional $100 billion over eight years, with AWS serving as the exclusive third-party cloud provider for OpenAI Frontier [3] - OpenAI is also strengthening its partnership with Nvidia, while maintaining a strong relationship with Microsoft, which has been in place since 2019 [4]