"These partnerships expand our global reach, deepen our infrastructure, and strengthen our balance sheet so we can bring frontier AI to more people, more businesses, and more communities worldwide. Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on."
"ChatGPT has more than 900 million weekly active users, and more than 50 million consumer subscribers. We are entering a new phase where frontier AI moves from research into daily use at global scale. This funding and these partnerships let us do both, and move faster on our mission to ensure AGI benefits all of humanity."
"OpenAI and Amazon's multiyear partnership will include bringing new advanced AI capabilities to enterprises and having Amazon Web Services serve as the exclusive third-party cloud distribution provider for OpenAI Frontier. OpenAI and AWS will expand their current $38 billion multiyear deal by $100 billion over eight years."
OpenAI secured $110 billion in funding from Amazon ($50 billion), SoftBank ($30 billion), and Nvidia ($30 billion), valuing the company at $730 billion pre-money. Amazon will invest $15 billion initially with $35 billion more over coming months. ChatGPT has over 900 million weekly active users and 50 million consumer subscribers. OpenAI and Amazon expanded their existing $38 billion multiyear deal by $100 billion over eight years, with AWS becoming the exclusive third-party cloud distribution provider for OpenAI Frontier. The partnerships aim to scale infrastructure rapidly, bring frontier AI to enterprises and consumers globally, and support OpenAI's mission toward artificial general intelligence benefiting humanity.
#openai-funding #ai-infrastructure-investment #amazon-partnership #frontier-ai #enterprise-ai-deployment
Read at www.mercurynews.com
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