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Sam Altman-led OpenAI is in talks to raise about $60 billion from Nvidia, Microsoft and Amazon, according to a report by The Information.
Nvidia, an existing investor whose chips power OpenAI's AI models, is in talks to invest up to $30 billion, the report said, citing a person with knowledge of the situation. Microsoft, a longstanding backer with exclusive rights to sell OpenAI models to cloud customers, is in talks to invest less than $10 billion. And Amazon, which would be a new investor, is also in talks to invest significantly more than $10 billion, potentially even more than $20 billion, the report added.
This is the latest in multiple reports of the ChatGPT-maker raising big funds. Reports emerged last week about Altman raising about $50 billion from soverign funds in the Middle East at a valuation of $750-830 billion.
Altman recently visited the region, where he spoke with investors, including some of the leading state-backed funds in Abu Dhabi, as per reports.
OpenAI has raised billions of dollars in recent years to help finance the immense cost of chips, data centers and talent to build new artificial intelligence systems and support wider adoption of the technology. The startup, which is not yet profitable, has committed to spend more than $1.4 trillion on AI infrastructure in the coming years.
(With inputs from Reuters)
Nvidia, an existing investor whose chips power OpenAI's AI models, is in talks to invest up to $30 billion, the report said, citing a person with knowledge of the situation. Microsoft, a longstanding backer with exclusive rights to sell OpenAI models to cloud customers, is in talks to invest less than $10 billion. And Amazon, which would be a new investor, is also in talks to invest significantly more than $10 billion, potentially even more than $20 billion, the report added.
This is the latest in multiple reports of the ChatGPT-maker raising big funds. Reports emerged last week about Altman raising about $50 billion from soverign funds in the Middle East at a valuation of $750-830 billion.
Altman recently visited the region, where he spoke with investors, including some of the leading state-backed funds in Abu Dhabi, as per reports.
OpenAI has raised billions of dollars in recent years to help finance the immense cost of chips, data centers and talent to build new artificial intelligence systems and support wider adoption of the technology. The startup, which is not yet profitable, has committed to spend more than $1.4 trillion on AI infrastructure in the coming years.
(With inputs from Reuters)