OpenAI Raises $110B in Amazon-Led Funding

ChatGPT developer OpenAI has secured $110 billion in new funding from a consortium of major technology firms led by Amazon, raising its pre-money valuation to $730 billion.

Co-founder and Chief Executive Officer Sam Altman said Amazon committed $50 billion to the funding round, while Nvidia and SoftBank will each invest $30 billion. He added that additional investors may join as the process continues.

Amazon will provide an initial $15 billion, with the remaining $35 billion to be released over the coming months subject to certain conditions.

Altman said the new partnerships will help expand OpenAI’s global footprint, strengthen its computing infrastructure, and enhance financial stability, allowing the company to deliver advanced artificial intelligence tools to more users and businesses worldwide.

He noted that ChatGPT now has more than 900 million weekly active users and over 50 million paying subscribers. According to Altman, artificial intelligence is entering a new phase in which cutting-edge research is rapidly transforming into widely used, real-world applications.

Under a multiyear agreement, OpenAI and Amazon plan to roll out new enterprise-focused AI capabilities, with Amazon Web Services becoming the exclusive third-party cloud provider for OpenAI Frontier. The companies will also expand their existing partnership by $100 billion over eight years.

OpenAI said it is deepening cooperation with Nvidia while emphasising that its long-standing partnership with Microsoft remains unchanged and central to its strategy.