[ TRANSACTION RECORD ]

Samsung Electronics Investment in OpenAI LP — 2023

VERIFIED VECTOR ID: 002165 · tx-261
M SOURCE NODE — FUNDER
Samsung Electronics
Technology South Korea
$10,000,000,000
EQUITY
23/01/2023
Q DESTINATION NODE — RECIPIENT
OpenAI LP
Company United States
Amount (USD)
$10.0B
Flow Type
EQUITY
Transaction Date
23/01/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Samsung Electronics
AUM 360000
HQ Location South Korea
Sector Technology
Recipient Profile [ Q ]
Entity OpenAI LP
Entity Type Company
Jurisdiction United States
Intelligence Note

Microsoft Corporation finalized a 10 billion dollar strategic investment in OpenAI LP to accelerate the research and development of general-purpose artificial intelligence models. This transaction includes a massive multi-year commitment for compute power on Microsoft Azure cloud infrastructure. The deal is one of the largest institutional technology transactions and a landmark for AI.

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Primary Forensic Source https://openai.com/blog/openai-and-microsoft-extend-partnership/
✓ SOURCE LINKED