OpenAI has secured a massive $110 billion investment from major corporations including SoftBank, Nvidia, and Amazon, boosting its valuation to $730 billion. The investment comprises $50 million from Amazon and $30 million each from SoftBank and Nvidia. This strategic partnership aims to enhance computing capabilities and reflects the growing institutional embrace of AI technology.
The announcement had mixed effects on AI-related stocks and cryptocurrencies. While AI stocks like Soundhound AI Inc. and Guardforce AI Company saw gains, Amazon and Nvidia stocks experienced slight declines. In the crypto sector, AI-related coins such as Near Protocol and Internet Computer rose, while others like Bittensor and Render Network fell. Despite the varied reactions, the AI crypto sector saw an overall 1% increase.
Worldcoin, which shares a founder with OpenAI, is trading near the apex of a falling wedge pattern, holding above $0.38. The investment could potentially boost Worldcoin's price, although immediate market reactions have been muted.
OpenAI Secures $110 Billion Investment, Valuation Hits $730 Billion
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