OpenAI Raises $110B in Largest Private Funding Round Ever

San Francisco: OpenAI closes $110 billion in private funding, marking the largest funding round in history and pushing its pre-money valuation to $730 billion.

The round was led by three major investors. Amazon committed $50 billion, while Nvidia and SoftBank each contributed $30 billion. The financing remains open, with OpenAI expecting additional investors to join.

The funding marks a shift in OpenAI’s infrastructure strategy. The company announced significant partnerships with both Amazon and Nvidia as part of the investment. OpenAI will deploy 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity built on Nvidia’s Vera Rubin systems.

Amazon’s investment includes a strategic partnership to expand OpenAI’s use of Amazon Web Services. The company will deploy 2 gigawatts of Trainium chips for its Frontier enterprise platform, deepening ties between the two firms and accelerating OpenAI’s cloud strategy.

The deal signals how aggressively the company is scaling its infrastructure footprint. OpenAI told investors it targets roughly $600 billion in total compute spending by 2030, a figure that is lower and more defined than earlier projections.

“We are entering a new phase where frontier AI moves from research into daily use at global scale,” OpenAI said. “Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on.”

The company projects more than $280 billion in total revenue by 2030, split roughly evenly between consumer and enterprise segments. Competition is heating up, with pressure rising from Google’s Gemini models in the consumer market and Anthropic gaining traction with large corporate customers in enterprise AI.

The funding came three years after OpenAI launched ChatGPT and reshaped the technology industry.