00:00OpenAI announced a record $110 billion funding round led by Amazon, NVIDIA, and SoftBank,
00:07boosting its pre-money valuation to $730 billion.
00:11The deal includes a major expansion of OpenAI's partnership with Amazon,
00:16adding $100 billion to its AWS agreement,
00:19and making AWS the exclusive third-party cloud provider for its enterprise platform.
00:25OpenAI said its partnership with Microsoft remains unchanged
00:28as it targets up to $600 billion in compute spending by 2030
00:33and projects more than $280 billion in annual revenue by the end of the decade.
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