OpenAI says it has raised $122 billion in a new funding round, valuing the company at approximately $852 billion, as competition to build large-scale artificial intelligence infrastructure intensifies.
The round was backed by a group of major technology and financial firms, including Amazon, Nvidia, SoftBank, and Microsoft, alongside investment firms such as Andreessen Horowitz and TPG.
The company says the funding will be used to expand its infrastructure, develop new AI systems, and scale its products globally. [Read more…] about OpenAI raises $122 billion as AI infrastructure race accelerates