OpenAI’s $110 Billion Stunt Puts Big Tech’s AI Race On Blast

OpenAI has closed a funding round worth $110 billion that values the company at roughly $730 billion, a staggering price tag that underlines how quickly the AI boom is concentrating money and power in a handful of platforms. The deal draws backing from major tech and finance players including SoftBank, Nvidia and Amazon, according to multiple industry reports, further tightening the ties between model builders and the companies that control the chips and cloud capacity needed to run them. A Valuation That Totally Rewrites The AI Funding Playbook The size of the raise stands out even in a market

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