OpenAI announced US$110 billion in new investment at a US$730 billion pre-money valuation, as demand for artificial intelligence continues to increase across consumers, developers and businesses.

The funding round includes US$30 billion each from SoftBank, NVIDIA and Amazon.

OpenAI has also entered into a strategic partnership with Amazon and secured next-generation inference compute from NVIDIA. Additional financial investors are expected to join as the round progresses.

OpenAI said the partnerships will expand its global reach, strengthen its infrastructure and support balance sheet capacity as it scales its models and products.

Product adoption has continued to grow.

Codex, OpenAI’s software development tool, now has 1.6 million weekly users, more than triple the figure at the start of the year. ChatGPT has more than 900 million weekly active users and over 50 million paying consumer subscribers.

According to the company, January and February are on track to be the largest months for new subscriber additions in its history.

More than nine million paying business users rely on ChatGPT for work.

Start-ups, enterprises and governments are building applications on OpenAI’s platform, with deployments expanding across engineering, customer support, finance, sales and operations.

OpenAI’s Frontier platform helps organisations build, deploy and manage AI systems for workplace use.

OpenAI said it is entering “a new phase where frontier AI moves from research into daily use at global scale,” adding that leadership will depend on the ability to scale infrastructure and convert that capacity into widely used products.

The latest valuation increases the value of the OpenAI Foundation’s stake in OpenAI Group to over US$180 billion, strengthening its capacity to fund philanthropic initiatives, including health research and AI resilience.

Featured image credit: Edited by Fintech News Switzerland, based on image by smilephotoap via Freepik