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OpenAI Courts Tech Giants for $100 Billion Funding Round
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News Archives | PYMNTS.com
The three tech giants are also in talks to join the artificial intelligence startup’s $100 billion funding round, the Financial Times reported Wednesday (Jan. 28), citing unnamed sources.
Nvidia could invest up to $20 billion, while Amazon has discussed kicking in at least $10 billion, the report said.
Put together, these commitments would help OpenAI with its goal of raising up to $100 billion at a valuation of $750 billion.
The as-yet-unprofitable company has committed to spending more than $1.4 trillion on AI infrastructure in the coming years.
In other AI news, PYMNTS reported Wednesday on Microsoft’s evolution from a company that based its transformation on cloud computing.