OpenAI raises $110B in one of the largest private funding rounds in history

OpenAI has secured a monumental $110 billion in private funding, marking one of the largest private capital raises ever. Announced at a staggering $730 billion pre-money valuation, the round is led by a $50 billion investment from Amazon, with Nvidia and SoftBank each contributing $30 billion. The company stated this capital influx signals a new phase where "frontier AI moves from research into daily use at global scale," emphasizing that leadership will be defined by who can scale infrastructure fastest. Notably, the round remains open for additional investors, and a portion of Amazon's investment—reportedly $35 billion—may be contingent on OpenAI achieving AGI or completing an IPO by year's end, though the announcement only confirms it will arrive when "certain conditions are met."

The funding is tightly coupled with massive infrastructure partnerships. With Amazon, OpenAI plans to develop a new "stateful runtime environment" on AWS Bedrock and expand its previous $38B AWS compute commitment by an additional $100 billion, committing to consume at least 2GW of AWS Tranium compute. With Nvidia, OpenAI has committed to using 3GW of dedicated inference capacity and 2GW of training on Vera Rubin systems. A significant portion of the funding is likely in the form of cloud credits and services rather than pure cash, continuing a pattern from previous rounds. This historic raise, which dwarfs its $40 billion round from March 2025, provides the war chest and compute resources necessary for OpenAI to aggressively scale its model development, inference infrastructure, and product deployment in the intensifying global AI race.