OpenAI · Amazon · Sam Altman · Microsoft · Nvidia · Google · Datacenter Dynamics
OpenAI closes funding round, lands $122bn at $852bn valuation
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OpenAI has closed a long-running funding round, raising $122 billion, much of which will be spent on data centers.
Key facts
- In February, OpenAI said it had raised $110 billion at a $730 billion valuation, meaning it has found another $12 billion since then, and the company's value has jumped by $122 billion
- OpenAI plans to spend $600bn on compute over the next four years across Microsoft Azure, Oracle Cloud, AWS, CoreWeave, Google Cloud, and other providers
- As reported by DCD in February, Amazon is the lead investor in the round, contributing $50 billion, with Nvidia and SoftBank both adding $30 billion to the pot
- OpenAI has closed a long-running funding round, raising $122 billion, much of which will be spent on data centers
Summary
The ChatGPT-maker announced on Tuesday that its latest fundraising was complete, and that the round valued the business at $852 billion. As reported by DCD in February, Amazon is the lead investor in the round, contributing $50 billion, with Nvidia and SoftBank both adding $30 billion to the pot. OpenAI, for its part, has agreed to use 2GW of Tranium capacity on Amazon's AWS public cloud platform. In February, OpenAI said it had raised $110 billion at a $730 billion valuation, meaning it has found another $12 billion since then, and the company's value has jumped by $122 billion.