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The funding round was led by major strategic partners including Amazon, which is investing $50 billion, alongside SoftBank and NVIDIA, who are each contributing $30 billion.
“Amazon will also invest $50 billion in OpenAI, starting with an initial $15 billion investment and followed by another $35 billion in the coming months when certain conditions are met,” OpenAI clarified.
The Sam Altman-led firm noted that additional financial investors are expected to join as the funding round progresses. Prior to this round, OpenAI had raised more than $64 billion.
These partnerships are designed to provide the necessary capital, distribution, and computing power to meet the surging global demand for advanced AI services.
The financial scale of these agreements also has an impact on the non-profit wing of the organisation. The new valuation increases the value of the OpenAI Foundation stake to over $180 billion, making it one of the most well-resourced non-profit entities in history.
This wealth will be used to fund philanthropic efforts in critical areas such as health breakthroughs and building resilience against the potential risks of AI.
“We are pushing the frontier across infrastructure, research, and products to make AI more capable, reliable, and broadly useful. 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,” said Sam Altman, Co-founder and Chief Executive Officer of OpenAI.
To support this massive growth, OpenAI is expanding its technical infrastructure. The organisation is deepening its relationship with Amazon Web Services (AWS), through an agreement that will see an additional $100 billion spent over the next eight years.
A key part of this expansion involves the use of 2 gigawatts of Trainium capacity. Trainium is a category of high-performance computer chips designed by Amazon specifically to train large AI models more efficiently.