OpenAI Raises $110B in Funding Round Backed by Amazon and Nvidia

The Story

OpenAI raises $110B on Friday, more than doubling its $40 billion fundraise from a year ago. Amazon committed $50 billion, Nvidia $30 billion, and SoftBank $30 billion, valuing the company at $730 billion pre-money, or roughly $840 billion including the new capital. Alongside the financing, OpenAI signed a multi-year strategic partnership with Amazon to deepen AWS infrastructure usage and enterprise distribution, while expanding its Nvidia training and inference capacity. The company said its partnership with Microsoft remains unchanged.

The Facts

• $110 billion funding round at $730 billion pre-money valuation

  OpenAI raises $110B from Amazon, Nvidia, and SoftBank, with additional investors expected. The valuation stands at $730 billion pre-money and approximately $840 billion including the new capital, making it the largest private financing in history.

• Amazon investment structure and partnership

  Amazon’s $50 billion commitment includes $15 billion upfront and $35 billion contingent on milestone conditions. The multi-year partnership expands OpenAI’s use of AWS infrastructure, including Amazon custom AI chips, and brings OpenAI enterprise tools more directly to AWS customers.

• Expanded AWS agreement and Frontier distribution

  OpenAI is increasing its existing $38 billion AWS agreement by $100 billion over eight years. AWS becomes the exclusive third-party cloud distribution provider for Frontier, OpenAI’s enterprise platform.

• Nvidia infrastructure expansion

  OpenAI will use 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity on Nvidia Vera Rubin systems, building on Hopper and Blackwell deployments across Microsoft, Oracle Cloud Infrastructure, and CoreWeave.

• Microsoft partnership unchanged

  Microsoft did not participate in this round. Both companies confirmed that existing partnership terms remain intact, and Microsoft retains an option to invest.

• Potential additional capital

  OpenAI has held discussions about adding another $10 billion from sovereign wealth funds and other financial investors.

• Compute spending target through 2030

  OpenAI is targeting roughly $600 billion in total compute spending by 2030, reflecting a more defined infrastructure roadmap.

• 2030 revenue projection

  OpenAI projects revenue exceeding $280 billion by 2030, split nearly evenly between consumer and enterprise segments.

• Consumer scale: ChatGPT growth

  ChatGPT has more than 900 million weekly active users and over 50 million consumer subscribers. January and February are on track to be the largest subscriber growth months in company history.

• Enterprise adoption

  More than 9 million paying business users rely on ChatGPT, with deployments spanning engineering, support, finance, sales, and operations.

• Codex growth

  Weekly Codex users have more than tripled this year to 1.6 million.

• Regulatory watch

  Federal antitrust scrutiny remains a possibility, particularly given prior FTC review of the OpenAI–Microsoft relationship.

Background / Context

• Record-setting private fundraising

  Before OpenAI raises $110B, the company set the record last year with a $40 billion round led by SoftBank. This new round establishes a new valuation benchmark for late-stage AI companies.

• Peer comparisons

  Anthropic has raised $30 billion in its latest round, while xAI has raised $20 billion.

The Aftermath

As OpenAI raises $110B, the company simultaneously enters a more politically exposed phase of growth following its agreement to supply AI systems to the U.S. Pentagon’s classified military networks. CEO Sam Altman stated that written protections prohibit domestic mass surveillance and require human responsibility for the use of force. However, a Community Note attached to his public post said officials described the models as usable for “all lawful purposes,” introducing ambiguity around the scope of safeguards.

The reaction was immediate. Hashtags such as #CancelChatGPT trended as users shared account cancellations, while Anthropic’s Claude climbed to No. 2 on Apple’s U.S. free app rankings, up from No. 131 on January 30, 2026, positioned between ChatGPT at No. 1 and Google Gemini at No. 3. The episode illustrates how defense contracts and AI governance debates can rapidly influence consumer behavior and competitive dynamics.

Why This Matters

As OpenAI raises $110B, the company pairs unprecedented capital with secured infrastructure and distribution guarantees. With AWS as its exclusive third-party enterprise distribution partner and Nvidia providing multi-gigawatt compute capacity, OpenAI strengthens its ability to convert massive consumer usage and enterprise adoption into sustained global AI scale.

This article was drafted with the assistance of generative AI. All facts and details were reviewed and confirmed by an editor prior to publication.