OpenAI’s $110 billion funding round draws investment from Amazon , Nvidia, SoftBank
- Amazon’s cloud computing platform, AWS, will be the exclusive third-party cloud provider for OpenAI Frontier
Amazon will invest $50 billion in OpenAI, starting with an initial $15 billion and followed by another $35 billion in the coming months, the companies said on Friday.
The investment is part of a massive funding round for OpenAI, which is raising $110 billion in new investment at a pre-money valuation of $730 billion. The round also includes $30 billion from SoftBank and $30 billion from Nvidia.
OpenAI to make London its biggest research hub outside US
Amazon’s cloud computing platform, AWS, will be the exclusive third-party cloud provider for OpenAI Frontier, the ChatGPT maker’s enterprise platform for building, deploying and managing AI agents.
OpenAI will consume 2 gigawatts of capacity powered by Amazon’s in-house Trainium chips to support computing demand, the companies said.
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