OpenAI will soon complete a $100 billion investment round, TechCrunch reported on Feb. 19, citing Bloomberg.
Major technology companies including Amazon, SoftBank, Nvidia and Microsoft took part in the investment. Amazon will invest up to $50 billion, SoftBank $30 billion and Nvidia $20 billion. Microsoft is also expected to invest a significant amount.
Asian investors are also notably involved, and funding from Japan and Saudi Arabia is said to be included. OpenAI’s valuation in the round is expected to exceed $850 billion.
The funding round comes as OpenAI is accelerating efforts to expand profitability while rapidly burning cash.
OpenAI recently began testing advertising for free ChatGPT users, TechCrunch reported. The move could increase revenue, but it could also be a gamble that leads users to leave the platform.
Chi-gyu Hwang
delight@d-today.co.kr