Amazon committed $50 billion to OpenAI as part of a record-shattering $110 billion funding round announced February 27, valuing the ChatGPT maker at $730 billion pre-money and $840 billion post-investment in what marks the largest private technology financing in history. SoftBank and Nvidia each contributed $30 billion to complete the massive round.
The Deal Structure
Amazon's investment arrives in two stages: $15 billion paid immediately with an additional $35 billion coming "in the coming months when certain conditions are met," according to OpenAI's announcement. The Information previously reported these additional funds could be contingent on OpenAI either achieving artificial general intelligence or completing an initial public offering by year-end, though OpenAI did not confirm specific trigger conditions.
The funding round remains open for additional investors, suggesting the total could climb even higher as more backers join.
AWS Becomes Exclusive Third-Party Cloud Provider
The partnership extends far beyond capital. Amazon and OpenAI will jointly develop a "stateful runtime environment" where OpenAI models run on Amazon's Bedrock platform, enabling developers to build AI applications that retain memory and context across sessions. This represents a significant technical advancement for enterprise AI deployment, allowing agents to maintain working context, tool state, and identity boundaries automatically.
OpenAI committed to expanding its existing $38 billion AWS partnership by an additional $100 billion over eight years. The company pledged to consume at least 2 gigawatts of AWS Trainium compute capacity, spanning both current Trainium3 chips and next-generation Trainium4 expected to begin delivery in 2027.
"We have lots of developers and companies eager to run services powered by OpenAI models on AWS, and our unique collaboration with OpenAI to provide stateful runtime environments will change what's possible for customers building AI apps and agents," Amazon CEO Andy Jassy stated.
Nvidia Commits 5 Gigawatts of Compute
OpenAI's deal with Nvidia includes commitments to use 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity on Nvidia's Vera Rubin systems. Nvidia CEO Jensen Huang had dismissed reports in January suggesting the chip giant was backing away from OpenAI investment, stating "we will invest a great deal of money. I believe in OpenAI."
Nvidia's participation ended months of speculation after reports of a potential $100 billion investment gave way to reports of a smaller contribution.
Tripling Valuation in Under a Year
The financing represents dramatic escalation from OpenAI's previous record. The company raised $40 billion in March 2025 at a $300 billion post-money valuation, which was itself the largest private funding round in history at the time. Less than a year later, OpenAI has nearly tripled that valuation.
OpenAI plans to use the funding to scale AI infrastructure globally, stating "leadership will be defined by who can scale infrastructure fast enough to meet demand." The company serves over 900 million weekly users and projects reaching $20 billion in annual recurring revenue by 2026, up from $6 billion currently.
The round's structure reflects how AI infrastructure partnerships are reshaping venture capital, with hardware and cloud providers taking equity stakes in exchange for computing capacity.
