OpenAI Finalizes $110 Billion Funding at $730 Billion Value

OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker’s largest funding round to date and bolstering its costly push to secure more computing power and talent for AI development.

Amazon.com Inc. is investing $50 billion in cash in the financing round, by far the largest amount the e-commerce giant has put into any company. Amazon will initially commit $15 billion, followed by another $35 billion when certain conditions are met, OpenAI said Friday.