OpenAI has raised $110 billion in a landmark private funding round, the company announced on Friday. The investment, one of the largest in history, includes $50 billion from Amazon and $30 billion each from Nvidia and SoftBank, valuing the artificial intelligence firm at $730 billion prior to the investment.
The funding round remains open, with OpenAI anticipating further investors. The capital is earmarked for a significant infrastructure scale-up, moving frontier AI from research into widespread daily application. "Leadership will be defined by who can scale infrastructure fast enough to meet demand," the company stated.
Strategic Partnerships and Infrastructure Commitments
A substantial portion of the funding is expected to be in the form of cloud services rather than cash. As part of the deal, OpenAI is launching major new partnerships with Amazon Web Services (AWS) and Nvidia.
With Amazon, OpenAI will develop a new "stateful runtime environment" for its models on the AWS Bedrock platform. The partnership expands a previous $38 billion AWS commitment by an additional $100 billion. OpenAI has committed to consuming at least 2 gigawatts of AWS Tranium compute.
"Our unique collaboration with OpenAI to provide stateful runtime environments will change what’s possible for customers building AI apps and agents," said Amazon CEO Andy Jassy.
Contingent Funding and Nvidia's Role
Reports indicate that $35 billion of Amazon's investment is contingent on OpenAI either achieving Artificial General Intelligence (AGI) or completing an initial public offering by year's end. OpenAI's announcement confirms the funding split but notes the additional $35 billion will arrive "in the coming months when certain conditions are met."
Details on the Nvidia partnership are fewer, but OpenAI committed to using "3GW of dedicated inference capacity and 2GW of training on Vera Rubin systems." Nvidia CEO Jensen Huang had previously affirmed the company's belief in OpenAI, stating, "we will invest a great deal of money."
Unprecedented Scale in AI Investment
This round shatters the company's previous record set in March 2025, when it raised $40 billion at a $300 billion valuation. The latest investment underscores the immense capital required to build and operate the computing infrastructure for next-generation AI models.
The funding will support the development of custom models for Amazon consumer products and help meet soaring global demand for AI services. The announcement signals a new era of competition defined by infrastructure scale and capacity to turn compute power into widely relied-upon products.