OpenAI raises $110B from Amazon and others at $730B valuation

OpenAI has secured one of the largest funding rounds in technology history, pulling in $110 billion in new investment as major tech companies deepen their bets on artificial intelligence infrastructure.

The round values the company at about $730 billion and includes commitments from Amazon, Nvidia, and SoftBank.

Amazon alone will invest $50 billion, starting with an initial $15 billion followed by additional funding tied to agreed conditions.  SoftBank and Nvidia are contributing about $30 billion each.

Alongside the funding, OpenAI and Amazon announced a multi-year strategic partnership focused on enterprise AI deployment.

Amazon Web Services (AWS) will become the exclusive third-party cloud distribution provider for OpenAI’s Frontier platform the company’s system for building and managing teams of AI agents inside organisations. 

The companies also plan to jointly develop a stateful runtime environment that allows AI models to maintain context, access tools, and operate across software systems and data sources. 

As part of the deal, OpenAI will run large portions of its infrastructure on Amazon’s custom Trainium AI chips, consuming roughly 2 gigawatts of compute capacity. 

The funding signals that the AI race is increasingly becoming a hardware and infrastructure competition rather than purely a model race.

Instead of focusing only on model releases, OpenAI is committing massive capital toward operating large-scale compute environments capable of running persistent AI agents and enterprise workflows. The company described the investment as supporting a new phase where frontier AI moves from research into everyday operational use. 

The round more than doubles the company’s previous record financing and ranks among the largest private technology fundraises ever completed. 

OpenAI said additional investors may still join the round as the financing progresses.