On February 27, 2026, OpenAI announced a record-breaking funding round totaling $110 billion, significantly boosting its valuation to $730 billion. This funding includes $30 billion from SoftBank, $30 billion from Nvidia, and an initial $15 billion from Amazon, with an additional $35 billion contingent on OpenAI meeting specific conditions, such as going public or achieving artificial general intelligence. OpenAI's partnership with Amazon will leverage two gigawatts of computing capacity powered by Amazon's Trainium chips, emphasizing the escalating demand for AI infrastructure. OpenAI's CEO, Sam Altman, noted that 'SoftBank, Nvidia, and Amazon are long-term partners who share our ambition to turn real scientific progress into systems that deliver meaningful benefits for people at global scale.'
BUSINESS
Openai Secures $110 Billion Funding From Amazon, Nvidia, Softbank
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OpenAI secured $110 billion in funding, boosting its valuation to $730 billion. Despite user growth, revenue challenges loom as it prepares for a potential mega-IPO amid intensifying competition.
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