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OpenAI raises $110 billion, valuation Hits $730 billion

OpenAI has completed one of the largest private fundraising rounds in corporate history, securing commitments of up to $110 billion and reaching a reported valuation of $730 billion. The deal significantly surpasses the company’s previous $41 billion raise in 2025, which had set a record for startup funding at the time.

According to international media reports, major technology and investment players have participated in the latest round, underscoring sustained global confidence in generative AI and large-scale computing infrastructure.

Nvidia, SoftBank and Amazon Lead Commitments

Chipmaker Nvidia and investment conglomerate SoftBank have each committed $30 billion, structured in three instalments. Meanwhile, Amazon is set to invest $15 billion upfront, with the potential to contribute up to $35 billion more. The additional investment is reportedly contingent on either an initial public offering or the company achieving artificial general intelligence (AGI).

An additional $10 billion in primary equity is expected from sovereign wealth funds and institutional investors in the coming weeks. Notably, Microsoft — OpenAI’s largest existing backer — did not participate in this round.

Expanded Cloud Partnership with Amazon

Amazon’s investment is tied to a broader commercial agreement. Under the arrangement, OpenAI is expected to spend $100 billion over eight years on Amazon’s cloud computing services and specialised chips, in addition to an existing $38 billion infrastructure commitment. Amazon Web Services (AWS) will also serve as the exclusive third-party cloud provider for distribution of OpenAI’s newly launched enterprise platform, Frontier.

The fresh capital injection adds to an estimated $40 billion already held on OpenAI’s balance sheet. The company continues to invest heavily in model development, infrastructure expansion and enterprise deployment, and executives have indicated that operating losses are likely to persist until the end of the decade. OpenAI projects that it will achieve positive free cash flow around 2030.

The scale of the funding round highlights intensifying competition in artificial intelligence, as global technology firms race to secure compute capacity and strategic partnerships in anticipation of the next wave of AI-driven innovation.