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0.000526340973252238 0.000358868845399247 0.00198574094454276 -0.00167472127853005 -0.00480884252835062 -0.00473802574285845 -0.00277525240442132 0.000430642614479178
Stock impact report

OpenAI valuation hits $730B as it raises $100B in latest funding round [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
OpenAI (Unlisted:OPAI) has announced a $110 billion funding round, pushing the company's pre-money valuation to $730 billion, up from $500 billion in a secondary financing last October. The round includes $50 billion from Amazon.com Inc (NASDAQ:AMZN) , $30 billion from Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) , and $30 billion from SoftBank, with additional investors expected to join. The ChatGPT-owner said the capital will support infrastructure expansion, global distribution, and the development of new AI products, including its enterprise platform Frontier. As part of the funding, OpenAI and Amazon announced a multiyear strategic partnership. Under the agreement, the companies will develop customized models for Amazon's customer-facing applications. Amazon Web Services (AWS) will serve as the exclusive third-party cloud provider for Frontier. OpenAI said Amazon's $50 billion investment will start with $15 billion upfront, with the remaining $35 billion to follow under certain Show less Read more
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