OpenAI Lands Record $110B Funding Round
OpenAI has closed a historic $110 billion funding round, valuing the company at $730 billion. The round was led by Amazon, Nvidia, and SoftBank, cementing OpenAI's position as the world's most valuable AI company. As part of the deal, Amazon Web Services will become the exclusive third-party cloud provider for OpenAI's next-gen "Frontier" platform.
This funding round is the largest private capital raise in history, more than doubling OpenAI's own previous record of $40 billion set in 2025. The new capital brings OpenAI's post-money valuation to approximately $840 billion. The investments are a strategic blend of cash and massive cloud and hardware commitments. Amazon's $50 billion investment is tied to an expanded cloud deal, with OpenAI committing to spend an additional $100 billion on AWS over eight years. Part of Amazon's investment is conditional on OpenAI's usage of its custom Trainium AI chips. Similarly, Nvidia's $30 billion contribution is linked to securing OpenAI as a cornerstone customer for its next-generation "Vera Rubin" GPU architecture. OpenAI has committed to deploying five gigawatts of capacity built on these future systems, locking in critical compute resources for years to come. The deal centers on OpenAI's "Frontier" platform, an enterprise system for managing teams of AI agents. Launched in February 2026 with early adopters like HP, Oracle, and Uber, Frontier allows companies to integrate AI agents into core workflows like data analysis and customer support. This new valuation marks a meteoric rise for the company, which was valued at approximately $86 billion in early 2024 and $500 billion in an October 2025 share sale. The rapid appreciation reflects an intensifying AI investment landscape, where AI-focused companies captured nearly 50% of all global venture funding in 2025. Fueling investor confidence are OpenAI's user metrics, which include over 900 million weekly active users, 50 million paying consumer subscribers, and 9 million paying business users. The company stated that January and February 2026 were on track to be the largest months for new subscriber growth in its history. Despite the new partnership with Amazon, OpenAI's foundational relationship with Microsoft remains unchanged. Microsoft Azure continues to be the exclusive cloud provider for OpenAI's own first-party products and APIs.
