OpenAI Raises $110 Billion in the Largest Private Funding Round Ever

OpenAI has closed what is now the largest private financing in history - a $110 billion round at a $730 billion pre-money valuation that more than doubles the $40 billion raise it completed just a year ago, itself a record for a private tech company at the time. Amazon invested $50 billion, SoftBank put in $30 billion, and Nvidia committed $30 billion, and additional investors are expected to join as the round progresses. The valuation is a sharp jump from the $500 billion OpenAI commanded in a ...