OpenAI raises $110 billion in a record funding deal

OpenAI said Friday it has raised $110 billion, more than twice the size of its record-setting funding round a year ago.

Amazon is investing $50 billion, while Nvidia and SoftBank are each putting in $30 billion, the company said. It’s the largest outside investment Amazon has ever made.

The deal gives OpenAI a $730 billion pre-money valuation, up sharply from the $500 billion valuation it received in an October secondary sale.

But the full deal depends on OpenAI going public or reaching artificial general intelligence, according to Bloomberg.

OpenAI added that more investors are expected to participate as the round continues.