OpenAI agrees USD 110 bln in new funding, Amazon joins as investor
OpenAI has secured USD 110 billion in new funding, more than doubling its valuation in six months. The deal values the ChatGPT maker at USD 730 billion before the new money, according to Telecompaper.
Amazon is investing USD 50 billion as part of the round, joining other backers in a move that deepens its bet on AI infrastructure and services. The agreement marks one of the largest private funding deals in the technology sector to date, further concentrating capital and influence among a small group of major AI platforms and their corporate partners.
More from Market & Business
00:00Market & BusinessAT&T agrees $2 billion cash sale of AT&T Mexicolightreading.com00:00Market & BusinessOpus Broadband challenges BT deal for 1.5M TalkTalk customerslightreading.com00:00Market & BusinessStarHub to acquire MyRepublic mobile business in Singapore by 2027telecompaper.com00:00Market & BusinessVodafoneThree targets £1bn annual cost savings by 2032mobileworldlive.com00:00Market & BusinessBT Group agrees £400 million TalkTalk business acquisitionmobileworldlive.com00:00Market & BusinessIridium stockholders approve Rocket Lab acquisition with 99.6% votelightreading.com