OpenAI Scores $110B in Mega Funding Round Backed by Amazon, Nvidia, and SoftBank

With input from CNBC, Axios, Open AI, the Financial Times, the New York Times, and Bloomberg.

OpenAI just pulled off one of the biggest private tech raises ever, locking in $110 billion in funding. The ChatGPT maker is now valued at a staggering $730 billion—up from $500 billion just a few months ago.

Amazon led the charge with a $50 billion commitment, Nvidia and SoftBank each chipped in $30 billion. The Amazon investment kicks off with $15 billion now, with another $35 billion coming later when certain milestones are hit. Other investors are expected to join the round as it moves forward.

The deal isn’t just about cash. OpenAI and Amazon also announced a multiyear strategic partnership. They’ll develop custom AI models for Amazon’s customer-facing products and expand OpenAI’s use of AWS infrastructure by $100 billion over the next eight years. Nvidia, meanwhile, will provide massive GPU support, giving OpenAI 3 gigawatts of inference capacity and 2 gigawatts for training on its Vera Rubin systems.

OpenAI CEO Sam Altman called the deal “super exciting,” saying AI is “transforming the whole economy” and that the world will need huge computing power to keep up with demand. Amazon CEO Andy Jassy added that OpenAI is “off to an amazing start” and could be “one of the very big winners” in AI long-term.

Despite the new funding and partnerships, Microsoft—which has been a major backer since 2019—won’t participate this round. OpenAI stressed that its deal with Amazon doesn’t change its existing agreement with Microsoft.

OpenAI has been burning through cash to expand its AI empire, from GPUs to cloud infrastructure. The company expects to spend around $600 billion on compute by 2030 and forecasts revenues of $280 billion by then, split roughly evenly between consumer and enterprise AI.

This mega-round dwarfs the $30 billion Anthropic raised this year and sets a new high-water mark for private tech financing. It also signals that investors are still eager to bet on AI, even as competition heats up from Google’s Gemini and Anthropic’s enterprise-focused tools.

Bottom line: OpenAI isn’t slowing down. With fresh capital, beefed-up cloud and GPU power, and Amazon in its corner, the AI giant is gearing up to scale fast—both in the consumer world and the enterprise market.