OpenAI clinches $840 billion valuation with new funding from Amazon, Nvidia, SoftBank

OpenAI’s latest funding round valued the ChatGPT maker at $840 billion as Big Tech piled into the $110 billion blockbuster round, signaling the AI investment race is alive and well despite recent fears of a valuation bubble.

The funding round – one of the largest private capital raises on record – includes a $30 billion investment from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon. It comes ahead of the AI startup’s expected mega-IPO this year, and Wall Street expects more funding rounds before the debut.