#CNBC OpenAI closes $110 billion funding round with backing from Amazon, Nvidia and Softbank

OpenAI closes $110 billion funding round with backing from Amazon, Nvidia and Softbank
OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

The investment boosts OpenAI to a $730 billion pre-money valuation, which marks a big jump from its $500 billion valuation in a secondary financing in October.

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