ishmael daro via flickr
According to sources, Nvidia may invest up to $20 billion, Amazon could invest around $10 billion, and Microsoft might invest several billion dollars.
According to the sources, Nvidia's investment might be on top of the $100 billion it has already pledged to invest in $10 billion increments, as OpenAI increases its data center capacity under a long-term agreement signed last year. Alternatively, the terms of that agreement could be adjusted.
Amazon's investment might be part of an agreement that would allow it to gain access to OpenAI's technology. The companies had previously signed a seven-year agreement worth $38 billion, which provided OpenAI with access to Amazon's cloud services.
OpenAI is planning to collect as much as $100 billion in its latest funding round to grow its business.
The AI company is also discussing potential deals with sovereign wealth funds, such as the Abu Dhabi Investment Authority and MGX, and is nearing a new funding round of $30 billion from Japan's SoftBank.
According to sources from the Financial Times, it is not clear if all the mentioned parties will make investments, and whether the goal of raising $100 billion will actually be achieved.
Last week, Bloomberg, based on sources, reported that OpenAI is aiming to raise a minimum of $50 billion, with an estimated valuation ranging between $750 billion and $830 billion. In December, The Wall Street Journal reported that the company anticipates raising up to $100 billion, which would give it a valuation of up to $830 billion.
The last round of investment occurred in the fall, and the company's valuation at that time was $500 billion.
source: ft.com
According to the sources, Nvidia's investment might be on top of the $100 billion it has already pledged to invest in $10 billion increments, as OpenAI increases its data center capacity under a long-term agreement signed last year. Alternatively, the terms of that agreement could be adjusted.
Amazon's investment might be part of an agreement that would allow it to gain access to OpenAI's technology. The companies had previously signed a seven-year agreement worth $38 billion, which provided OpenAI with access to Amazon's cloud services.
OpenAI is planning to collect as much as $100 billion in its latest funding round to grow its business.
The AI company is also discussing potential deals with sovereign wealth funds, such as the Abu Dhabi Investment Authority and MGX, and is nearing a new funding round of $30 billion from Japan's SoftBank.
According to sources from the Financial Times, it is not clear if all the mentioned parties will make investments, and whether the goal of raising $100 billion will actually be achieved.
Last week, Bloomberg, based on sources, reported that OpenAI is aiming to raise a minimum of $50 billion, with an estimated valuation ranging between $750 billion and $830 billion. In December, The Wall Street Journal reported that the company anticipates raising up to $100 billion, which would give it a valuation of up to $830 billion.
The last round of investment occurred in the fall, and the company's valuation at that time was $500 billion.
source: ft.com