OpenAI Raises $110 Billion from Amazon, NVIDIA, and SoftBank

February 27, 2026

Details

  • OpenAI announced a $110 billion funding round led by Amazon ($50 billion), NVIDIA ($30 billion), and SoftBank ($30 billion), valuing the company at around $840 billion post-money.
  • Additional investors are expected to join as the round progresses; Amazon's investment starts with $15 billion initially, followed by $35 billion upon meeting conditions.
  • Partnership with Amazon includes 2 gigawatts of Trainium-powered compute, AWS as exclusive third-party cloud for OpenAI Frontier enterprise platform, and $100 billion expansion of prior $38 billion cloud deal over eight years.
  • NVIDIA provides next-generation inference compute, with OpenAI running their systems on AWS; relationship with Microsoft remains unchanged, with Azure exclusive for stateless API and first-party products.
  • SoftBank returns as a major investor to deepen ecosystem collaboration; OpenAI reports 900 million weekly active ChatGPT users, over 50 million subscribers, and tripling Codex users to 1.6 million weekly.

Impact

OpenAI's $110 billion raise, the largest ever, solidifies its lead in the AI race by securing massive compute resources amid escalating competition from Anthropic, which raised $30 billion earlier this month, and Google's Gemini. The Amazon partnership, granting exclusive third-party cloud access for enterprise AI agents and Trainium chips, diversifies infrastructure beyond Microsoft Azure, potentially lowering dependency risks while pressuring rivals to match multi-cloud strategies. NVIDIA's involvement ensures priority access to cutting-edge GPUs critical for frontier models, addressing OpenAI's projected $600 billion compute spend through 2030 and easing GPU bottlenecks that plague the industry. This influx accelerates scaling of products like stateful runtimes and customized models, shifting market dynamics toward hyperscale infrastructure dominance and widening the gap for smaller players. Over the next 12-24 months, it could redirect funding flows toward compute-heavy AI leaders, influencing R&D toward agentic systems and global deployment at unprecedented scale.

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