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OpenAI has announced a huge influx of cash from three tech giants, as well as strategic partnerships with two of the investors.
The company said it is to receive $110 billion in investment, with Softbank and Nvidia each contributing $30 billion, while Amazon is putting in $50 billion. The investment will “expand our global reach, deepen our infrastructure, and strengthen our balance sheet,” OpenAI said.
The AI company is now valued at $730 billion, with the OpenAI Foundation holding a stake of over $180 billion. There are over 900 million people using ChatGPT each week, with 50 million consumers and nine million business users now paying for a subscription, it added.
Alongside news of the cash injection, OpenAI also announced extensions to its ongoing partnerships with Amazon and Nvidia.
Last year, Amazon and OpenAI announced a $38 billion agreement under which OpenAI would use AWS infrastructure to run its agentic workloads. The new deal will cover an additional $100 billion over eight years, according to Amazon, and extend OpenAI’s use of AWS services.
Under the deal, AWS will become the sole third-party distributor for OpenAI’s enterprise platform, Frontier, which enables businesses to create and run teams of AI agents.
OpenAI will also access 2 gigawatts of Trainium capacity through AWS, using Trainium3 this year to power its agentic AI and other workloads. Trainium4 chips are expected to be rolled out next year.
The pair are already working on a joint project to build a Stateful Runtime Environment using OpenAI’s models, trained to run on AWS infrastructure and integrated with the company’s existing agentic AI services. The developer environment will be available through Amazon Bedrock in the coming months, according to Amazon.
The two companies have also committed to developing customised models that Amazon’s developers will be able to use for customer-facing apps.
OpenAI said its deal with Nvidia has also been expanded, with the AI company now using more of Nvidia’s infrastructure, including 3 gigawatts of inference capacity and 2 gigawatts of training on its Vera Rubin systems. Nvidia CEO Jensen Huang told a recent conference that Nvidia is unlikely to invest in OpenAI again, with the company expected to go public later this year.
Alongside the news of its fresh wave of investment, OpenAI put out an announcement that its relationship with Microsoft – which has been an investor in OpenAI since 2019 – remains unchanged.
“As conversations around AI investments and partnerships grow and as OpenAI announces new funding and new partners as they did today, we want to ensure these announcements are understood within the existing construct of our partnership.
“Nothing about today’s announcements in any way changes the terms of the Microsoft and OpenAI relationship…The partnership remains strong and central,” the company said.
