OpenAI Raises Record $110 Billion
OpenAI just closed a record-shattering $110 billion funding round, the largest private capital raise in tech history. Led by Amazon, Nvidia, and SoftBank, the deal catapults OpenAI's valuation to an estimated $730 billion. The capital is earmarked for scaling frontier AI research and global infrastructure.
This funding round more than doubles the previous record for a private tech deal, which was OpenAI's own $40 billion raise in April 2025. The new financing boosts OpenAI's valuation from $500 billion in October 2025 to a post-money valuation of $840 billion. Amazon's massive $50 billion contribution will be invested in stages: $15 billion upfront, with another $35 billion to follow once certain conditions are met. These conditions are reportedly tied to a potential future IPO or the achievement of artificial general intelligence (AGI) milestones. The deal significantly deepens OpenAI's ties with Amazon Web Services. OpenAI will expand its spending on AWS infrastructure to $100 billion over the next eight years and will utilize 2 gigawatts of Amazon's proprietary Trainium AI chips for its enterprise platform, Frontier. Nvidia's $30 billion investment secures OpenAI dedicated access to the chipmaker's next-generation Vera Rubin GPU architecture. This hardware is critical for the immense computing power required to train and deploy advanced AI models at a global scale. SoftBank's chairman and CEO, Masayoshi Son, stated that their $30 billion investment is intended to accelerate OpenAI's research and the expansion of its ecosystem. Despite the new partnerships, OpenAI's foundational relationship with Microsoft remains unchanged. Microsoft Azure continues to be the exclusive cloud provider for OpenAI's first-party products and its widely used APIs. The capital infusion is meant to support a rapidly scaling user base. As of the announcement, ChatGPT reportedly has over 900 million weekly active users, including 50 million paying consumer subscribers and 9 million paying business customers. OpenAI CEO Sam Altman has indicated an initial public offering could be on the horizon for 2026 or 2027. The company's annualized revenue was estimated to have reached $20 billion in 2025.
