OpenAI has closed a blockbuster funding round that could total $110bn if certain conditions are met in the coming years, as the start-up bids to wrestle its lead in AI model development back from rivals Anthropic and Google.
Nvidia, Amazon and SoftBank all participated in the fundraising, which values the ChatGPT maker at $730bn, not including the new capital.
The deal marks a stepping stone towards an IPO as early as the end of this year, according to people with knowledge of its plans.
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