OpenAI has completed yet another historic funding round, and the amount now confirmed is so large that it sets new standards for the AI sector. According to The Verge, the company behind ChatGPT has raised $110 billion in new capital from Amazon, Nvidia, and SoftBank — three investors with very different motives for betting heavily on the world's most famous AI company.
Amazon Leads with $50 Billion
The largest single investor in the round is Amazon, committing $50 billion. The investment is not just financial — according to The Verge, it also includes agreements for the development of customized models and further collaboration between the companies. Amazon already has an established position as a cloud infrastructure provider through AWS, and a deeper connection to OpenAI will strengthen the company's competitive position against Microsoft Azure, which has long been OpenAI's primary cloud partner.
Nvidia's Strategy Shifts: From $100 Billion to $30 Billion
Nvidia's original $100 billion plan was structured as a financing and procurement model — the new agreement is a pure equity investment without explicit purchase obligations.
Nvidia's contribution of $30 billion is perhaps the most interesting to analyze. The Wall Street Journal reports that Nvidia's previously communicated plan to invest $100 billion in OpenAI has been “put on hold,” and that the current agreement is significantly different in structure.
According to research sources, the original plan from September 2025 was structured as a combined financing and procurement model, where Nvidia would effectively finance OpenAI's purchase of its own GPUs — a model that would, in reality, bankroll Nvidia's future sales to OpenAI. The new agreement, however, is a direct equity investment in OpenAI shares, without a corresponding explicit commitment that OpenAI will exclusively use Nvidia hardware.
However, this does not mean the collaboration is weakened. OpenAI has confirmed an expanded partnership with Nvidia that includes 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity on Nvidia's Vera Rubin systems. OpenAI's infrastructure roadmap calls for a minimum of 10 gigawatts of Nvidia systems in total, with the first gigawatts expected in the second half of 2026.
Nvidia CEO Jensen Huang described the investment as “a fantastic investment” — and potentially the company's largest ever.
SoftBank Completes the Trio with $30 Billion
Japanese SoftBank contributes $30 billion, thus continuing the close relationship with OpenAI that the company has built over time. SoftBank CEO Masayoshi Son has long been among the most vocal proponents of massive AI capital allocation, and this contribution follows in the wake of the much-discussed Stargate initiative announced earlier in 2025.
User Numbers Underpin the Investment
In connection with the funding round, OpenAI has also published impressive user figures. The company now reports over 900 million weekly active users and more than 50 million paying consumers — figures that paint a picture of the commercial scale that investors are now pricing in.
It is worth noting, however, that these figures are OpenAI's self-reported numbers, and they are not independently verified in the usual manner. Investors and analysts should consider that definitions of “active users” can vary between companies and industries.
An Industry in Full Throttle
This funding round comes at a time when the largest technology companies globally are throwing themselves into a capacity battle that has few historical parallels. Nvidia itself has communicated that the company plans to invest up to $500 billion over four years to build out AI infrastructure in the USA, and Jensen Huang has described the ongoing build-out as “a decade of infrastructure building of generational historical scale.”
It is in this landscape that OpenAI's new capital raise must be read: not just as a funding round, but as a positioning battle between the companies that want to own the AI infrastructure of the future.