OpenAI Closes Historic $110 Billion Funding Round Backed by Amazon, NVIDIA, and SoftBank

OpenAI is one of the biggest AI companies to exist at this point, with rivals like Google, Anthropic, Meta, and others competing alongside it. However, OpenAI now has what it takes to scale its AI footprint and push even further toward excelling in the race for AI models. Here, we are talking about investment, and that too a massive one. As reported earlier this month, Sam Altman-led OpenAI today announced that it has closed one of the biggest private funding rounds in tech history, securing $110 billion in new investment at a pre-money valuation of approximately $730 billion. The historic […]