OpenAI’s $110 billion funding pushes its valuation to $840 billion with backing from Amazon, Nvidia, SoftBank

OpenAI CEO Sam Altman announced on Friday that the company has raised $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion.

The round, among the largest private capital raises on record , includes a $30 billion investment from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon, Reuters reported.