New Delhi, March 2 -- OpenAI said it has raised $110 billion in new investment at a $730 billion pre-money valuation, as demand for artificial intelligence tools accelerates across consumers, businesses and developers.

The company said the round includes $30 billion each from SoftBank and Nvidia, and $50 billion from Amazon. It also announced a strategic partnership with Amazon and secured next-generation inference compute capacity from Nvidia. Additional financial investors are expected to join as the fundraising progresses.

In a statement, OpenAI said the new capital will help it scale infrastructure, expand global distribution and strengthen its balance sheet to meet growing demand for AI products. The company said meeting demand req...