OpenAI snags $110 billion in investments from Amazon, Nvidia, and Softbank
Summary
OpenAI has closed a new funding round totaling $110 billion committed by Amazon, Nvidia, and SoftBank, bringing its valuation to $730 billion. Amazon is investing $50 billion, which includes a partnership to develop custom models for applications like Alexa and making AWS a provider for OpenAI's enterprise platform, running on Amazon's Trainium chips. Nvidia and SoftBank each contributed $30 billion. This influx of cash follows a previous $40 billion round in 2025. The new structure allows OpenAI to maintain its commitment to Microsoft while pursuing this partnership with Amazon. CEO Sam Altman also indicated the company is open to an IPO at the appropriate time, amidst rumors of a smart speaker launch and content deals.
(Source:The Verge)