OpenAI has completed a deal to raise $122 billion from investors at an $852 billion valuation, marking the company’s largest funding round to date by far and bolstering its costly push for more chips, data centers and talent.
The bulk of the financing, which had been in the works for months, came from three large tech companies. Amazon.com agreed to invest $50 billion in the round, while Nvidia and SoftBank Group each put in $30 billion. A large portion of Amazon’s investment — $35 billion — is contingent on OpenAI going public or reaching the technological milestone of artificial general intelligence.
The ChatGPT maker also secured funding from a long list of other prominent backers, including Andreessen Horowitz, Abu Dhabi’s MGX, D.E. Shaw Ventures, TPG and T. Rowe Price. The company’s valuation includes the money raised. Bloomberg News previously reported details of those talks and the financial terms of the deal.
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