TLDR
- OpenAI closed a $110 billion funding round, the largest private financing in history
- Amazon invested $50 billion, Nvidia $30 billion, and SoftBank $30 billion
- OpenAI’s valuation jumped to $730–$840 billion pre-money
- AWS becomes exclusive third-party cloud provider for OpenAI’s enterprise platform Frontier
- OpenAI projects revenue of over $280 billion by 2030
OpenAI has closed a $110 billion funding round, the largest private financing in history. The deal more than doubles the size of its previous raise just one year ago.
We have raised a $110 billion round of funding from Amazon, NVIDIA, and SoftBank.
We are grateful for the support from our partners, and have a lot of work to do to bring you the tools you deserve.
— Sam Altman (@sama) February 27, 2026
Amazon committed $50 billion to the round. The investment will begin with $15 billion upfront, with another $35 billion to follow when certain conditions are met.
Nvidia contributed $30 billion to the round. SoftBank also put in $30 billion. OpenAI said other investors are expected to join as the round progresses.
The funding values OpenAI at between $730 billion and $840 billion pre-money. That is a sharp rise from the $500 billion valuation it carried in a secondary financing last October.
OpenAI CEO Sam Altman spoke about the deal on CNBC’s Squawk Box on Friday. He said the company is excited and that AI is transforming the entire economy.
Amazon CEO Andy Jassy also appeared on Squawk Box. He said OpenAI is off to a strong start and that Amazon expects them to be one of the long-term winners in AI.
AWS Takes Exclusive Cloud Role for OpenAI Frontier
As part of the deal, Amazon Web Services will become the exclusive third-party cloud distribution provider for OpenAI Frontier. Frontier is OpenAI’s enterprise platform for building and managing AI agents.
OpenAI is also expanding its existing $38 billion agreement with AWS by $100 billion over the next eight years. OpenAI will also use two gigawatts of computing capacity powered by Amazon’s in-house Trainium chips.
The new Amazon partnership does not affect OpenAI’s existing deal with Microsoft. Microsoft Azure remains the exclusive cloud provider for OpenAI’s APIs, and Microsoft keeps its exclusive license to OpenAI’s intellectual property.
OpenAI said in a joint statement with Microsoft that their partnership remains “strong and central.”
OpenAI’s Compute Plans and Competition
OpenAI is now targeting around $600 billion in total compute spend by 2030. That figure is lower than the $1.4 trillion in infrastructure commitments CEO Sam Altman referenced in recent months.
Sources told CNBC the company revised the number down as concerns grew that expansion plans outpaced realistic revenue projections.
OpenAI is also expanding its work with Nvidia. The company will use three gigawatts of dedicated inference capacity and two gigawatts of training capacity on Nvidia’s Vera Rubin systems.
OpenAI projects total revenue of more than $280 billion by 2030. The company expects roughly equal contributions from consumer and enterprise businesses.
The company faces growing competition from Google’s Gemini in the consumer market. In enterprise AI, rival Anthropic, which raised $30 billion in its latest round, currently holds an early lead.
OpenAI’s IPO is expected later this year. The $110 billion round surpasses the previous record OpenAI itself set with a $40 billion raise led by SoftBank last year.
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