Amazon, Nvidia, and SoftBank collectively invest 110 billion dollars, causing OpenAI's valuation to soar to 730 billion dollars

CryptocurrencySniper · 2026-02-28T00:37:08+00:00

OpenAI announced on February 27th that it has completed a $110 billion funding round, with its valuation soaring to $730 billion. Amazon, Nvidia, and SoftBank participated in the investment and reached a long-term partnership with Amazon. Meanwhile, AI companies are raising funds one after another, pushing forward the listing process.

CryptocurrencySniper

2026-02-28 00:37:08

Abstract generation in progress

On Friday, February 27, local time, artificial intelligence (AI) research company OpenAI announced the completion of a funding round totaling up to $110 billion. This round of funding more than doubled the previous round from a year ago, which had set a record for private tech company funding at the time.

According to OpenAI’s announcement, in this funding round, Amazon invested $50 billion, Nvidia invested $30 billion, and SoftBank invested $30 billion. This funding round brought the company’s pre-money valuation to $730 billion, significantly higher than the $500 billion valuation in a secondary financing round last October.

OpenAI stated that as the funding process progresses, additional investors are expected to join.

Additionally, OpenAI announced a multi-year strategic partnership agreement with Amazon.

OpenAI said it will expand its existing $38 billion cooperation agreement with Amazon AWS to $100 billion over the next eight years. AWS will also become the exclusive third-party cloud distribution provider for OpenAI’s enterprise platform Frontier, which was launched earlier this month.

Media reports previously suggested that Amazon’s $50 billion investment in OpenAI might be conditional, with the specific investment amount potentially depending on OpenAI’s IPO progress and milestones in achieving artificial general intelligence (AGI).

OpenAI CEO Sam Altman stated on Friday that the company will consider going public at the appropriate time.

AI companies are competing for funding and pushing for initial public offerings (IPOs). To support the huge costs of AI research and development, these companies need to raise continuous funding.

Earlier this month, one of OpenAI’s main competitors, Anthropic, raised $30 billion in its latest funding round, reaching a valuation of $380 billion.

Meanwhile, Anthropic also appointed former General Motors executive Chris Liddell to its board of directors, which market analysts interpret as a move toward an IPO.

Also this month, Elon Musk’s AI company xAI merged with space exploration company SpaceX. xAI’s valuation reached $250 billion, with the latest funding round raising $20 billion.

It is reported that Musk is actively pushing SpaceX toward an IPO, aiming to beat OpenAI and Anthropic to the market.

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