OpenAI's US$110 billion funding round draws investment from Amazon , Nvidia, SoftBank

Amazon will invest US$50 billion (HK$391.2 billion) in OpenAI, starting with an initial US$15 billion and followed by another US$35 billion in the coming months, the companies said on Friday.

The investment is part of a massive funding round for OpenAI, which is raising US$110 billion in new investment at a pre-money valuation of US$730 billion. The round also includes US$30 billion from SoftBank and US$30 billion from Nvidia.

Amazon’s cloud computing platform, AWS, will be the exclusive third-party cloud provider for OpenAI Frontier, the ChatGPT maker’s enterprise platform for building, deploying and managing AI agents.

OpenAI will consume 2 gigawatts of capacity powered by Amazon’s in-house Trainium chips to support computing demand, the companies said.

Reuters