Nvidia and SoftBank each invest $30 billion in OpenAI

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MarsBit
02-27
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According to Mars Finance, on February 27th, OpenAI announced it had secured $110 billion in new investment at a valuation of $730 billion. Investors included Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion). OpenAI and Amazon (AMZN.O) will develop custom models. OpenAI will utilize 2 gigawatts of Trainium chip computing power through Amazon Web Services (AWS) infrastructure. SoftBank's cumulative investment in OpenAI is estimated at $64.6 billion, giving it approximately a 13% stake in the company after the transaction.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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