At more than double the cost of last years record deal, the funding highly values OpenAI by investors, according to Reuters.
Amazon invested $50 billion, Nvidia put up $30 billion and SoftBank shelled out $30 billion, agreeing to a $840 billion valuation, the largest of any frontier AI lab by far.
«Strategic partnership» with Amazon
Amazon’s deal structure is slightly different, as it comes in the terms of a strategic partnership where OpenAI will receive $15 billion up front, and then qualify for the rest $35 billion «over the coming months.»
OpenAI has committed to using 2 gigawatts of capacity on AWS’ Trainium platform and will make their models available on Amazon’s services.
None of this is said to change OpenAI’s relationship with Microsoft, OpenAI says in a release.
At the same time, OpenAI’s Nick Turley says they have surpassed 900 million weekly users and has 50 million paying subscribers, up from roughly 800 million before.
Read more: Sama’s thank you thread, writeups on Reuters, CNBC
