OpenAI Signals Massive M&A Push With New Cash Hoard
TL;DR Summary
OpenAI is pursuing roughly $100 billion in new financing to fuel acquisitions and attract talent, potentially using stock to buy startups like Io Products; the pre-money valuation could exceed $730 billion, underscoring an aggressive expansion in AI.
- OpenAI Builds an M&A War Chest The Information
- Amazon's $50 billion OpenAI investment may depend on IPO or AGI, The Information reports Reuters
- OpenAI closes $110 billion funding round with backing from Amazon, Nvidia, Softbank CNBC
- OpenAI Valued At $730 Billion After Amazon, Nvidia, SoftBank investments Forbes
- Amazon to Invest $50 Billion in OpenAI as Part of Strategic Partnership Barron's
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