Feb. 27 (UPI) -- Amazon, Nvidia and Softbank collectively invested $100 billion dollars in OpenAI, which is double the amount of money the company raised in a 2025 funding round and pushes it to a $730 billion pre-money valuation.
The funding round is one of the largest private funding rounds in history -- $50 billion from Amazon, $30 billion from Nvidia and $30 billion from Softbank -- and OpenAI said the fundraising round has not closed, with more investors expected, CNBC and TechCrunch reported.
The new investment from Amazon builds on the existing $38 billion multi-year agreement the two companies already have, which OpenAI said in a press release is planned to expand by $100 billion over the next 8 years.
"We're super excited about this deal," OpenAI CEO Sam Altman said in an interview with CNBC. "AI is going to happen everywhere. It's transforming the whole economy, and the world needs a lot of collective computing power to meet the demand."
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