OpenAI attracts a further $110 billion in a new funding round
Reportedly, OpenAI has lined up commitments totaling as much as $110 billion in a new funding round that lifts its valuation to $730 billion. Backed by major technology players including Nvidia, Amazon, and SoftBank, the ChatGPT creator now stands as the most heavily financed company in the global artificial intelligence competition.
The Financial Times cited sources familiar with the discussions, saying that the transaction positions OpenAI for a possible initial public offering later this year, despite growing concerns about overheating and speculative behavior in the AI market. The size of the round far exceeds previous benchmarks. Earlier this year, Anthropic raised $30 billion, while OpenAI itself secured $41 billion in 2025, a deal that at the time set a record for startup fundraising.
In contrast to conventional venture capital rounds, the bulk of this financing is being provided by strategic corporate backers. Nvidia and SoftBank have each pledged $30 billion, structured in three separate payments. Amazon has committed $15 billion upfront, with an additional $35 billion tied to specific milestones, either an IPO or the achievement of artificial general intelligence.
The Amazon investment is closely linked to a newly announced long term partnership. Under the agreement, OpenAI will allocate $100 billion over eight years toward Amazon’s chips and computing infrastructure, building on a prior $38 billion arrangement. The two companies also intend to collaborate on a custom AI model tailored to Amazon’s consumer facing platforms.
OpenAI emphasized that its existing relationship with Microsoft, its largest shareholder, will continue unchanged. This includes Microsoft’s exclusive licensing rights to OpenAI’s core intellectual property.
OpenAI currently holds about $40 billion on its balance sheet, funds that are projected to cover operating losses through the remainder of the decade. Company leadership anticipates generating positive free cash flow by 2030, provided sufficient computing capacity is secured to sustain growth.
Most of the new capital will be directed toward expanding data center infrastructure, purchasing advanced chips, and funding cloud agreements with partners such as Amazon and Nvidia.
