OpenAI announced $110 billion in new capital on Friday, flush with funding from investors including Softbank, Nvidia and Amazon. This latest injection comes at a $730 billion valuation for the AI giant and will enable the company to meet increasing demand from businesses and developers.
Amazon contributed $50 billion to this round, building on a partnership that makes AWS the sole third-party cloud distribution provider for OpenAI Frontier. AWS and OpenAI will also collectively develop an OpenAI-powered runtime environment to be available through Amazon Bedrock.
OpenAI’s partnership with Nvidia, which invested $30 billion this time around, entails the AI company’s use of 3 gigawatts of dedicated inference capacity and 2 gigawatts of training on Nvidia’s Vera Rubin systems, helping OpenAI further its goal of training and deploying frontier models on a global scale.
“We’re pushing the frontier across infrastructure, research and products to make AI more capable, reliable and broadly useful,” Sam Altman, OpenAI’s co-founder and CEO, said in a statement. “SoftBank, Nvidia and Amazon are long-term partners who share our ambition to turn real scientific progress into systems that deliver meaningful benefits for people at global scale. Building AI that works for everyone will require deep collaboration across the stack, and we’re excited to do this together.”
ChatGPT sees more than 900 million weekly active users, and the company serves over 50 million subscribers. Through its partnership with Amazon and by leveraging Nvidia’s inference compute technology, OpenAI is working to broaden its global reach and enhance its infrastructure to bring its AI solutions to more people.
