OpenAI raises $110 billion and lands Pentagon contract after Anthropic ban
OpenAI completed a $110 billion financing round led by Amazon, Nvidia and SoftBank, valuing the company at about $730 billion. Hours later it secured a Department of Defense contract to run its models on classified networks, with a cloud-only deployment and OpenAI engineers embedded in the Pentagon. The agreement positions OpenAI as the primary federal AI partner after Anthropic was designated a supply-chain risk. The company also addressed internal compliance matters, including the dismissal of an employee over alleged insider-trading.
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