OpenAI breaks fundraising record.

The artificial intelligence company is currently valued at $730 million even before its IPO. Photo: BI .

On February 28th, OpenAI announced it had successfully raised $110 billion in its latest funding round. This is one of the largest fundraising deals in financial history, bringing the company's valuation to $730 billion before receiving the funds. The new funding includes $50 billion from Amazon and $30 billion each from Nvidia and SoftBank. Notably, this funding round is still open. OpenAI expects to attract more partners in the near future.

“We are entering a new phase where pioneering AI is moving from research to everyday applications on a global scale,” said an OpenAI representative. According to the organization, leadership will be defined by the ability to scale infrastructure quickly enough to meet demand, and to translate that capability into products users need.

As part of the investment, OpenAI launched key infrastructure partnerships with both Amazon and Nvidia. Similar to previous funding rounds, the majority of the investment will likely be provided in the form of services rather than cash. However, the specific split ratio was not disclosed.

In March 2025, the company's pre-funding round closed with $40 billion based on a valuation of $300 billion . At the time, this was also the largest private funding round ever recorded.

As part of its collaboration with Amazon, OpenAI plans to develop models running on the Bedrock platform. The company is also expanding its existing partnership with AWS, raising its computing service commitment from $38 billion to $100 billion . OpenAI is committed to consuming at least 2 GW of computing power from AWS Trainium. Simultaneously, the company plans to build customized models to support Amazon's consumer products.

According to Andy Jassy, CEO of Amazon, many developers and businesses are eager to run OpenAI-powered services on AWS. This collaboration aims to provide a new operating environment that will transform the ability to build AI applications.

Previously, The Information reported that the $35 billion in Amazon's investment might be conditional. This money would only be disbursed if the company achieved general artificial intelligence (AGI) or conducted an IPO before the end of this year. OpenAI's announcement confirmed the capital split, but only stated that the additional $35 billion would come "in the coming months once certain conditions are met."

On the Nvidia side, OpenAI released fewer details. However, the company confirmed its commitment to using 3 GW of dedicated inference power and 2 GW of training capacity on its Vera Rubin system. Nvidia's participation in this round had been the subject of much speculation. Reports suggested Nvidia intended to invest $100 billion last September, but subsequent reports indicated the figure had been reduced.

In January, Jensen Huang, CEO of Nvidia, dismissed suggestions that the company was withdrawing from OpenAI. He affirmed that Nvidia would invest a significant amount of money because of its belief in the extraordinary work the start-up was doing.

This event demonstrates OpenAI's ambition to dominate the global AI market. With new resources, the company will have greater capacity to overcome the enormous infrastructure challenge. The shift from research to practical products is considered a strategic move for the company's future.