OpenAI reaches 840 billion valuation with new funding

OpenAI secured 110 billion dollars from Amazon, Nvidia, and SoftBank to boost its computing power. The round values the startup at 840 billion dollars.

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OpenAI has achieved a valuation of $840 billion following a massive $110 billion funding round, signaling that the artificial intelligence investment race remains robust despite broader market concerns. This capital raise, among the largest in private history, comes as the United States tech sector faces increased scrutiny over the long-term returns of AI spending.

An illustration of the OpenAI logo from May 2024. REUTERS/Dado Ruvic/Illustration
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