Artificial Intelligence (AI) is no longer a bet on the future. It is moving rapidly into mainstream use, with demand rising across consumers apps, developers’ platforms, and enterprises operations. As demand grows, companies are investing heavily in computing infrastructure, network capacity and capital to support the expansion.

The ChatGPT creator OpenAI has secured $110 billion deal that values the artificial intelligence company at $730 billion, marking it as its largest funding round to date. The round includes $30B from SoftBank, $30B from NVIDIA, and $50B from Amazon.

“We’ve also signed a strategic partnership with Amazon and secured next generation inference compute with NVIDIA. Additional financial investors are expected to join as the round progresses,” said OpenAI in a statement.

The company said its coding tool, Codex, now has 1.6 million weekly users, more than tripling its user base from earlier this year.

“ChatGPT is where people start with AI”, believes OpenAI, with over 900 million weekly active users, and more than 50 million consumer subscribers.

The scale of the investment highlights the speed at which artificial intelligence has moved from research labs into mainstream business and consumer use. Tools like ChatGPT are now used by hundreds of millions of people worldwide, while millions of organizations rely on AI systems in their daily operations.

In the announcement, OpenAI added that this funding marks a shift from frontier AI as research to frontier AI as daily infrastructure.

The latest round’s valuation increases the value of the OpenAI Foundation’s stake in OpenAI Group to over $180 billion.