OpenAI announced a $110 billion round in funding from Amazon, NVIDIA, and Softbank.
OpenAI is spending a fortune so it needs to continue to raise funds.
@cnbc #Amazon invested $50 billion in #OpenAI as part of a $110 billion funding round announced on Friday. “We’re super excited about this deal,” OpenAI CEO Sam Altman told CNBC’s “Squawk Box” on Friday. “AI is going to happen everywhere. It’s transforming the whole economy, and the world needs a lot of collective computing power to meet the demand.” Full details at the #linkinbio or the link on screen. #CNBC
♬ original sound – cnbc – cnbc
@cnbc #OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company. #Amazon invested $50 billion, #Nvidia invested $30 billion and #SoftBank invested $30 billion in the round, OpenAI said in a release on Friday. The investment boosts OpenAI to a $730 billion pre-money valuation, which marks a big jump from its $500 billion valuation in a secondary financing in October. Read more at the #linkinbio or the link on screen. #CNBC
♬ original sound – cnbc – cnbc