OpenAI's up to $110 billion raise lines up almost exactly with the $111 billion it just added to its cash burn forecast

The nonprofit OpenAI Foundation could sell several billion dollars worth of its shares to financial investors as part of the round to limit dilution for existing shareholders. OpenAI CEO Sam Altman currently holds no equity in the company and will not receive any as part of the current transaction, The Information reports.

Original article from February 27, 2026:

OpenAI closes the largest private financing round in history. Amazon invests up to $50 billion and becomes a strategic partner. Meanwhile, Microsoft stresses that its own partnership remains unchanged.

OpenAI has announced a $110 billion financing round. That would more than double the company's own record of $40 billion from last year. The pre-money valuation climbs to $730 billion, a major jump from the $500 billion set in a secondary sale in October.

The three main investors are splitting the sum as follows: Amazon is putting in up to $50 billion, while Nvidia and SoftBank are each contributing $30 billion. Additional investors are expected to join as the round progresses, OpenAI said.