OpenAI's Massive New Funding
In what appears to be a new funding effort, OpenAI has reportedly raised a record $110 billion. The massive round is said to include $50B from Amazon, $30B from SoftBank, and $30B from Nvidia. This follows the recent finalization of a separate $40B round, signaling an unprecedented capital injection to fuel AI development.
This funding round establishes a pre-money valuation for OpenAI at $730 billion, with some reports placing the post-money valuation at $840 billion. This represents a dramatic escalation from its $500 billion valuation in October 2025 and its $300 billion valuation in March 2025. The investments from Amazon and Nvidia are not simple cash infusions; they are strategically tied to massive customer commitments. Amazon's $50 billion investment will be delivered in phases—an initial $15 billion, with the remaining $35 billion dependent on meeting certain conditions. As part of the deal, Amazon Web Services will become the exclusive third-party cloud provider for OpenAI's enterprise platform, Frontier. The two companies are also expanding a previous cloud computing agreement to $100 billion over the next eight years, which includes OpenAI utilizing 2 gigawatts of power from Amazon's in-house Trainium AI chips. Similarly, Nvidia's $30 billion investment is linked to OpenAI deploying 3 gigawatts of inference capacity and 2 gigawatts of training capacity on Nvidia's next-generation Vera Rubin systems. Despite the new partnerships, OpenAI emphasized that its foundational relationship with Microsoft remains unchanged. Microsoft Azure continues as the exclusive cloud provider for OpenAI's core products and APIs. As of October 2025, Microsoft's stake in OpenAI was valued at approximately $135 billion. The capital is intended to support a rapidly scaling user base. OpenAI stated it now has over 900 million weekly active users, including more than 50 million paying consumer subscribers and over 9 million paying business customers. This $110 billion financing is one of the largest private funding rounds in history, eclipsing OpenAI's own previous record. That prior record was a $40 billion round in early 2025, which at the time was the largest private tech deal on record.
