OpenAI Nears Record $100 Billion Funding Round, Valuation Could Exceed $850 Billion

• OpenAI is finalizing the first phase of a new funding round, aiming for over $100 billion.
• The company's overall valuation, including eventual funding, could surpass $850 billion, up from an initial $830 billion expectation.
• Strategic investors like Amazon.com Inc., SoftBank Group Corp., Nvidia Corp., and Microsoft Corp. are contributing to the first phase.
• Amazon is expected to invest up to $50 billion, SoftBank up to $30 billion, and Nvidia $20 billion, with funds disbursed in tranches.
• OpenAI plans to expand its use of Amazon's chips and cloud computing services as part of the partnership.