AI News Amazon, Nvidia, Softbank and more invest in OpenAI

[t2van]

https://www.reuters.com/business/retail-consumer/openais-110-billion-funding-round-draws-investment-amazon-nvidia-softbank-2026-02-27/

Feb 27 (Reuters) - OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence.
The funding round includes a $30 billion investment from SoftBank, $30 billion from Nvidia and $50 billion from Amazon and comes ahead of the AI startup's expected mega-IPO later this year.

I could be wrong but I thought Open AI was scaling back its investment requirements or was it meeting it's growth targets? I'm uncertain which.

I think Open AI is now valued at $730b after this investment news, not bad for a company that's only spending money. Shame they didn't all work like that.

I also think this is Amazon first time investing with them as well? (not 100% on that)

 

[TheVigilante]

Crazy I thought these AI companies are already bankrupt

 

[ggmopa]

Crazy I thought these AI companies are already bankrupt

I heard the exact opposite if talking about AI as an industry. They all just kept investing in each other and created a financial 'merry-go-round' of sorts. Categorically inflating the value of their shares. The way some of the companies ownerships are set-up are very complicated though. Who knows if bankruptcy is psrt of some strategy.

 

[Octavia]

Crazy I thought these AI companies are already bankrupt

Most companies before going public run a deficit for tax reasons, but OpenAI has the personality of a spoiled rich child.

NO sense of responsibility at all, it will just keep digging the hole, until everyone involved has to pay for it. Too big to fall alone

 

[TheVigilante]

Most companies before going public run a deficit for tax reasons, but OpenAI has the personality of a spoiled rich child.

NO sense of responsibility at all, it will just keep digging the hole, until everyone involved has to pay for it. Too big to fall alone

Plus now the 3 giants are involved so it's like a piece of cake for them

 

[Octavia]

Plus now the 3 giants are involved so it's like a piece of cake for them

Oracle is also there ( data center)