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Tech giants are investing a record $110 billion in OpenAI

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Tech giants are investing a record $110 billion in OpenAI
Photo: Agencies

OpenAI, the creator of ChatGPT, has secured as much as $110 billion in new investment from three tech giants — Amazon, SoftBank and Nvidia — valuing the company at $730 billion before the investment.

Amazon is leading the investment round with $50 billion, while Nvidia and SoftBank each invested $30 billion, OpenAI’s co-founder and CEO said Friday. Sam Altman. It is expected that other investors will join in the next phase of the financing round.

Amazon will start with an initial investment of 15 billion dollars, while the remaining 35 billion will be invested in the coming months, subject to the fulfillment of pre-agreed conditions.

“These partnerships expand our global reach, strengthen infrastructure and financial stability, and enable us to bring advanced artificial intelligence to more people, companies and communities around the world.”Altman stated.

According to him, ChatGPT today has more than 900 million weekly active users, as well as more than 50 million subscribers among consumers.

“We are entering a new phase where cutting-edge AI technology is moving from research labs to everyday use globally. Leadership will go to those who can scale infrastructure the fastest and turn it into products people rely on.”Altman said, adding that this investment helps realize AGI’s mission to benefit all of humanity.

The multi-year partnership between OpenAI and Amazon includes the development of new advanced AI solutions for business users, while Amazon Web Services will be the exclusive external cloud partner for OpenAI Frontier models. The existing $38 billion contract will be expanded by an additional $100 billion over eight years. The two companies will jointly develop custom AI models for Amazon’s applications and developers.

OpenAI also announced that it is expanding its collaboration with Nvidia.

The company stressed that the new funding does not affect its existing partnership with Microsoft, which has been in place since 2019.

“The partnership with Microsoft remains strong and key to our work”they said from OpenAI.

(Vijesti.ba)


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