OpenAI finalizes $110 billion funding at $730 billion value

By Shirin Ghaffary and Matt Day, Bloomberg

OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker’s largest funding round to date and bolstering its costly push to secure more computing power and talent for AI development.

Amazon.com Inc. is investing $50 billion in the financing round, OpenAI said Friday, by far the largest amount the e-commerce giant has put into any company. Amazon will initially invest $15 billion, followed...