OpenAI announces $110bn funding round that would value firm at $840bn
TL;DR
Deal signals feverish pace of AI investment with multibillion-dollar backings from Nvidia, Amazon and more OpenAI said on Friday it is raising $110bn in a blockbuster funding round that would value the ChatGPT maker at $840bn, in a deal that signals the feverish pace of investment in artificial intelligence. It’s more than double the amount the company raised last year, when it racked up $40bn in the largest private tech deal on record. Continue reading...
Nauti's Take
An $840bn valuation for a company with no profit isn't investing — it's institutional-grade collective hallucination. Nvidia and Amazon aren't betting on OpenAI, they're betting that AI infrastructure becomes the next mandatory line item in every corporate budget.
If you were still wondering whether this space consolidates, there's your answer.
Summary
Deal signals feverish pace of AI investment with multibillion-dollar backings from Nvidia, Amazon and more OpenAI said on Friday it is raising $110bn in a blockbuster funding round that would value the ChatGPT maker at $840bn, in a deal that signals the feverish pace of investment in artificial intelligence. It’s more than double the amount the company raised last year, when it racked up $40bn in the largest private tech deal on record.
Continue reading...
Sources