OpenAI Lands the Largest Private Raise in History From Amazon, Nvidia, and SoftBank

OpenAI on Friday announced a $110 billion funding round, marking the largest private capital raise in history and underscoring the scale of investment now flowing into artificial intelligence infrastructure.

The round includes $50 billion from Amazon, $30 billion from Nvidia and $30 billion from SoftBank. The financing values the company at roughly $840 billion pre-money, a sharp increase from its $500 billion valuation in a secondary transaction last October. Additional investors are expected to join as the round progresses.

The top-line number sounds massive. Until you look at the plumbing. OpenAI has flagged nearly $600 billion in cumulative compute spend through 2030. And that tracks… because modern AI demands enormous training clusters, nonstop inference capacity, and the best GPUs money can buy.

Alongside the equity investment, Amazon and OpenAI expanded their other partnerships. OpenAI will increase its existing $38 billion cloud agreement with Amazon Web Services by an additional $100 billion over eight years. AWS will serve as the exclusive third-party cloud distribution provider for OpenAI’s enterprise platform, Frontier. Amazon’s $50 billion investment will begin with $15 billion upfront, followed by $35 billion contingent on certain conditions.

OpenAI also deepened its relationship with Nvidia, securing 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity on Nvidia’s Vera Rubin systems. The investment gives Nvidia a direct financial stake in one of its largest customers, highlighting the increasingly interconnected nature of capital and supply agreements across the AI ecosystem.

The announcement does not alter OpenAI’s partnership with Microsoft, which remains central. Microsoft retains its licensing rights and Azure continues to host OpenAI’s first-party products and APIs.

The numbers are starting to feel surreal. ChatGPT now has more than 900 million weekly active users and over 50 million paying subscribers. OpenAI thinks revenue can top $280 billion by 2030, split roughly between consumer and enterprise. That’s the upside case. The other side is that Anthropic and Google are also investing aggressively, particularly in enterprise applications. It sure seems like the AI race has turned into who can keep funding the machine over anything else.

At the time of publishing this article, Stocks.News holds positions in Amazon and Google as mentioned in the article.