OpenAI announces the completion of a $110 billion funding round, the largest funding in the history of private tech companies. Amazon, Nvidia, and SoftBank each invested $50 billion, $30 billion, and $30 billion respectively. This funding round values the company at $730 billion pre-money, higher than the $500 billion valuation in the secondary financing last October. OpenAI also expands its partnership agreement with AWS, increasing the existing $38 billion cooperation to $100 billion over the next 8 years, with AWS becoming the exclusive third-party cloud provider for its enterprise platform Frontier.
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OpenAI announces the completion of a $110 billion funding round, the largest funding in the history of private tech companies. Amazon, Nvidia, and SoftBank each invested $50 billion, $30 billion, and $30 billion respectively. This funding round values the company at $730 billion pre-money, higher than the $500 billion valuation in the secondary financing last October. OpenAI also expands its partnership agreement with AWS, increasing the existing $38 billion cooperation to $100 billion over the next 8 years, with AWS becoming the exclusive third-party cloud provider for its enterprise platform Frontier.