SAN FRANCISCO, United States, Feb 27, 2026 (BSS/AFP) - OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand. The investment round - one of the largest in Silicon Valley history - includes $30 billion from Japanese conglomerate SoftBank, $30 billion from chip giant Nvidia, and $50 billion from Amazon, with additional investors expected to join as the round progresses. The eye-watering level of funding reflects the soaring costs of computing power and lingering questions about whether OpenAI and other AI companies can generate sufficient revenue to cover those costs. In the announcement, OpenAI cited a series of remarkable user metrics pointing to a breakneck pace of AI adoption. The announcement comes as OpenAI's arch-rival Anthropic, founded by former OpenAI employees, continues to gain ground and grab headlines for its well-regarded Claude AI models.

Source: Bangladesh Sangbad Sangstha February 27, 2026 15:28 UTC