OpenAI Closes Record $110B Funding Round

This new valuation represents a massive leap from the $500 billion valuation OpenAI secured in a share sale just last October. The company's previous record-setting funding round was a $40 billion raise in March 2025. Nvidia's $30 billion contribution comes with significant strategic ties. As part of the deal, OpenAI has committed to using 5 gigawatts of capacity on Nvidia's upcoming "Vera Rubin" GPU architecture, ensuring the chipmaker has a foundational customer for its next generation of hardware. This builds on OpenAI's existing use of Nvidia's Hopper and Blackwell systems. The Amazon partnership expands an existing cloud agreement by $100 billion over eight years. OpenAI will now use 2 gigawatts of capacity from AWS's custom-designed Trainium AI chips. This deal, however, does not supplant OpenAI's foundational partnership with Microsoft, which remains a key cloud provider. The "Frontier" models at the center of the AWS deal represent the next generation of AI, capable of performing complex, multi-step tasks across business systems. The platform enables enterprises to deploy and manage teams of these AI agents, treating them as a form of digital labor with access to corporate data and software. For SoftBank founder Masayoshi Son, the $30 billion investment is a defining bet, bringing the firm's total investment in OpenAI to over $64.6 billion for a reported 13% stake. To finance its increasing position, SoftBank has been selling off other major assets, including its shares in Nvidia. The enormous capital injection is meant to secure the vast computing resources needed to serve OpenAI's rapidly growing user base. The company now reports more than 900 million weekly active users and over 50 million paying consumer subscribers, with growth accelerating in early 2026.