Amazon Goes Big on OpenAI’s Record Fund Raise. ChatGPT Parent Worth $852 Billion Ahead of IPO.

AI Briefing

• – Amazon raises $1.1 billion in funding for OpenAI, valuing the AI startup at $33.6 billion, as ChatGPT parent company worth $852 billion ahead of its IPO.
• – The investment is part of a Series F funding round led by SoftBank and others, valuing OpenAI at a staggering $33.6 billion.
• – The funding will be used to further develop the company's language model technology and expand its offerings in areas like content creation and customer service.