OpenAI conducts a $110 billion capital raising round

In an announcement on February 27, OpenAI said it had received investments from technology “giants”, including 50 billion USD from Amazon, 30 billion USD from Nvidia and 30 billion USD from SootBank. Thanks to that, the company was valued at 730 billion USD, a sharp increase compared to 500 billion USD in the secondary capital raising round last October. This number is expected to continue to increase as the capital call continues.

“We are entering a new phase where advanced AI moves from research to everyday applications on a global scale,” OpenAI said on the blog. “Leadership and leadership will be determined when they can scale infrastructure fast enough to meet demand, and turn that capacity into products that people rely on.”

“We are extremely excited about the agreement,” OpenAI CEO Sam Altman told CNBC. “AI will be everywhere and is transforming entire economies. The world needs a lot of collective computing power to meet that need.”

As part of its investment terms, OpenAI is establishing key infrastructure partnerships with both Amazon and Nvidia. According to TechCrunchlike previous funding rounds, it is likely that a significant portion of the investment will come in the form of services rather than cash, although the exact allocation was not disclosed.

Under the agreement with Amazon, OpenAI plans to develop a new “selective test environment” where OpenAI’s models will run on Amazon’s Bedrock platform. Altman’s company also expanded its partnership with AWS by committing $38 billion in computing services and using at least 2 GW of AWS Trainium services as well as plans to build custom models to serve Amazon’s consumer products.

OpenAI did not provide details about its partnership with Nvidia. However, the company said it has committed to using “3 GW of dedicated inference capacity and 2 GW of training capacity on the Vera Rubin system.

Previously in September 2025, Nvidia announced a plan to invest 100 billion USD in OpenAI to build a giant data center to train and operate artificial intelligence models. According to the terms, Nvidia plans to invest 10 rounds, each worth 10 billion USD, following the growth in computing demand of OpenAI over many years. In return, they received a significant ownership percentage in this startup.

But then, some sources said that OpenAI and Nvidia had a disagreement. Faced with this issue, Nvidia CEO Jensen Huang denied and affirmed that he would invest heavily in this startup. However, the investment figure is currently at 30 billion USD instead of 100 billion USD as originally planned.

With Microsoft – one of the first companies to invest billions of dollars in OpenAI, Altman said “not changing any terms” of the agreement between the two. In a joint statement on February 27, the two emphasized that their partnership remains “solid and important”.

Last week, OpenAI announced a goal of spending a total of $600 billion on computing by 2030. Late last year, CEO Altman announced a commitment to invest $1.4 trillion in artificial intelligence infrastructure.

Citing internal sources, CNBC said OpenAI expects its total revenue by 2030 to exceed 280 billion USD, mainly coming from the business segment for users and enterprises.