OpenAI valuation hits $730B as it raises $100B in latest funding round

Funding and Valuation - OpenAI has raised $110 billion in its latest funding round, increasing its pre-money valuation to $730 billion from $500 billion in the previous round [1] - The funding includes $50 billion from Amazon, $30 billion from Nvidia, and $30 billion from SoftBank, with more investors expected to join [1] Strategic Partnerships - OpenAI and Amazon have announced a multiyear strategic partnership to develop customized models for Amazon's applications, with AWS serving as the exclusive third-party cloud provider for OpenAI's enterprise platform, Frontier [2] - Amazon's $50 billion investment will begin with $15 billion upfront, with the remaining $35 billion contingent on certain conditions [3] Collaboration and Infrastructure - OpenAI is expanding its collaboration with Nvidia to enhance dedicated inference and training capacity for its AI models, building on existing systems deployed across various cloud infrastructures [3] - The funding will also increase the value of the OpenAI Foundation's stake in the company to over $180 billion, enabling greater support for philanthropic initiatives [4] User Growth and Product Adoption - OpenAI reported significant user growth, with ChatGPT having over 900 million weekly active users and more than 50 million consumer subscribers [5] - The weekly users of Codex, OpenAI's AI coding tool, have more than tripled this year to 1.6 million, and over 9 million businesses are now using ChatGPT for work-related tasks [5]