OpenAI Raises $110 Billion Led by Amazon, Nvidia and SoftBank, Extending A.I. Boom [View all]

Source: NY Times

OpenAI said on Friday that it had raised $110 billion from investors to pay for its continued growth and to fuel the development of artificial intelligence, valuing the company at $730 billion. Amazon, a new investor in OpenAI, is pouring $50 billion into the artificial intelligence start-up. The Japanese conglomerate SoftBank and the chipmaker Nvidia, which have previously invested in OpenAI, each invested $30 billion in the new funding round, OpenAI said.

With the deal, OpenAI, which was previously valued at $500 billion, cements its place as one of the most valuable private companies in the world alongside the rocket company SpaceX and ByteDance, the maker of TikTok. The new funding round also illustrates the circular deal making at the center of the A.I. boom. Companies like Nvidia, Amazon and Microsoft have invested huge sums in OpenAI, Anthropic and others. In exchange, those young companies purchase computing power from those same investors.

OpenAI isn’t done raising money. Sam Altman, the company’s chief executive, has been in discussions with various sovereign wealth funds in the Middle East about further investments. MGX, a United Arab Emirates investment firm, has previously invested in the company.

More than six years after its founders transformed their A.I. lab into a commercial company, OpenAI is still unprofitable and needs immense amounts of capital to pay for computing power, A.I. talent and other needs. The company pulled in revenues of $13 billion in 2025, but expects to spend $115 billion over the next four years.

Read more: https://www.nytimes.com/2026/02/27/business/openai-funding.html