OpenAI Secures $110 Billion From Amazon, NVIDIA And Softbank For A Big AI Expansion

The AI money spigot shows no signs of being turned off any time soon, as OpenAI shared that it has received $110B of investment in a new round of funding. OpenAI says these investments will enable it to meet the demand for its services, and that “providing everyone access to our products requires three things: compute, distribution, and capital.”

This money comes by way of three giants in the AI space, with NVIDIA ponying up $30B, SoftBank providing $30B, and Amazon pitching in $50B, although the partnerships with Amazon and NVIDIA go beyond just capital: OpenAI has signed a strategic partnership with Amazon, alongside an agreement with NVIDIA, to secure the inference compute the company will need to continue its expansion plans.

According to Dave Altavilla, Principal Analyst HotTech Vision & Analysis, the most strategically significant aspect of this new investment and agreement is that OpenAI will now be leveraging ...