OpenAI Closes Record $110B Funding Round

This funding round is the largest in private tech history, more than doubling the previous record of $40 billion, which was also set by OpenAI in March 2025. The new capital injection elevates OpenAI's post-money valuation to approximately $840 billion. This represents a dramatic increase from its $300 billion valuation less than a year ago and a $500 billion valuation just four months prior. The investment breakdown includes a $50 billion commitment from Amazon, $30 billion from Nvidia, and another $30 billion from SoftBank. Amazon's contribution, which will start with an initial $15 billion, is the largest single investment the company has ever made in another firm. For SoftBank, this brings its total investment in OpenAI to $64.6 billion, securing an approximate 13% ownership stake. The partnership with Amazon Web Services (AWS) is a significant expansion of their existing relationship, with OpenAI committing to a new eight-year, $100 billion deal for cloud computing resources. As part of this, OpenAI will use 2 gigawatts of capacity from Amazon's custom Trainium AI chips. This deepens the integration of OpenAI's technology within the AWS ecosystem. OpenAI's "Frontier" platform, a key focus of the AWS partnership, is an enterprise-grade system launched in February 2026 designed to help companies deploy and manage AI agents. The platform treats AI agents like employees, providing them with access to a company's internal data sources like CRMs and document repositories to build a shared "institutional memory". Early adopters of the Frontier platform include major companies such as HP, Intuit, Oracle, State Farm, and Uber. The deal also strengthens OpenAI's long-standing relationship with Nvidia. The AI company will utilize 3 gigawatts of dedicated inference capacity and 2 gigawatts for training on Nvidia's upcoming "Vera Rubin" systems. This ensures OpenAI has access to next-generation hardware to maintain its competitive edge in developing more advanced AI models. Founded in December 2015 as a non-profit research lab with a mission to ensure artificial general intelligence benefits all of humanity, OpenAI transitioned to a "capped-profit" structure in 2019 to better finance its ambitious research goals. Its notable product releases include GPT-2 in 2019, GPT-3 in 2020, and the widely popular ChatGPT in November 2022. The company reports substantial user growth, with over 900 million weekly active users for ChatGPT. This includes more than 50 million paying consumer subscribers and over 9 million paying business users. OpenAI disclosed in January that its annual recurring revenue for 2025 exceeded $20 billion, a significant increase from $6 billion in 2024.