ChatGPT maker OpenAI has secured $110 billion in funding from Amazon, SoftBank, and Nvidia, pushing its pre-money valuation to $730 billion. Amazon leads with $50 billion, followed by $30 billion each from Nvidia and SoftBank. OpenAI CEO Sam Altman stated that the deal will accelerate global AI deployment.
OpenAI co-founder and CEO Sam Altman announced on Friday that Amazon will begin with an initial $15 billion investment, followed by another $35 billion in the coming months under preset conditions. Other investors are expected to join as the funding round progresses.
Altman wrote, “These partnerships expand our global reach, deepen our infrastructure, and strengthen our balance sheet so we can bring frontier AI to more people, more businesses, and more communities worldwide.” He noted that ChatGPT has more than 900 million weekly active users and over 50 million consumer subscribers.
“We are entering a new phase where frontier AI moves from research into daily use at global scale,” he said. “Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on. This funding and these partnerships let us do both, and move faster on our mission to ensure AGI benefits all of humanity.”
The multiyear partnership with Amazon includes delivering new advanced AI capabilities to enterprises, with Amazon Web Services serving as the exclusive third-party cloud distribution provider for OpenAI Frontier. OpenAI and AWS will expand their current $38 billion multiyear deal by $100 billion over eight years. The companies will collaborate on developing customized models available to Amazon developers to power customer-facing applications.
OpenAI is also expanding its partnership with Nvidia. The company stated that its partnership with Microsoft, in place since 2019, remains unchanged by the new funding or partners. “The partnership remains strong and central,” OpenAI said.
