AI race: OpenAI raises $110 billion, valuation soars to $730 billion

OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.

The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia, along with $50 billion from Amazon. Additional investors are expected to join as the round progresses, according to a report by AFP.