OpenAI raises $110 billion at $840 billion valuation in blockbuster funding round
Feb 28th 2026
SoftBank, Nvidia and Amazon are leading a $110 billion funding round that would value OpenAI at $840 billion, deepen cloud and compute partnerships, and precede an expected IPO.
- OpenAI said it is raising $110 billion in a funding round that would value the company at $840 billion.
- The round includes $30 billion from SoftBank, $30 billion from Nvidia and $50 billion from Amazon, with Amazon starting with $15 billion and $35 billion to follow on conditions not disclosed.
- The deal is still open, more investors are expected, and it comes ahead of an anticipated mega-IPO later this year.
- OpenAI will use two gigawatts of Amazon Trainium compute and named AWS as the exclusive third-party cloud provider for its OpenAI Frontier enterprise platform.
- Microsoft remains the exclusive cloud provider for OpenAI APIs, hosts first-party products on Azure, and retains an exclusive license to OpenAI model intellectual property.
- ChatGPT now has more than 900 million weekly active users and over 50 million consumer subscribers, and Codex weekly users have grown to about 1.6 million.
- The funding boosts OpenAI's capacity to train and deploy frontier models amid scrutiny of datacenter energy and water impacts and worries about AI-related job losses.
- It is unclear whether Nvidia’s $30 billion replaces its earlier announced commitment of up to $100 billion.