OpenAI has shut down Another round of fundingThe new pledges total $110 billion for the creator of ChatGPT, which it says has more than 900 million weekly active users and more than 50 million consumer subscribers. Amazon is investing $50 billion and making a deal That includes plans for custom models and more. Nvidia and SoftBank are each contributing $30 billion, as well wall street journal Note that Nvidia’s previous $100 billion investment plan is “on ice.” This marks another huge influx of cash for the company which is now valued at $730 billion, and has previously closed $40 billion round In 2025. At the time, it was the largest private tech deal on record.
Amazon’s investment is more than just an injection of cash. The companies are entering into a partnership that will potentially allow Amazon to gain a foothold in the AI market. The two companies will collaborate on custom models aimed at powering “customer-facing applications” such as Alexa.
It will also make AWS a third-party provider of OpenAI Frontier, its enterprise-facing platform for building, deploying and managing AI agents that will run on Amazon’s Trenium chips. Amazon is only investing $15 billion, with an additional $35 billion to be distributed if certain milestones are met. Rumors have indicated Like its deal with Microsoft, those milestones include mention of reaching AGI.
OpenAI made every effort to reiterate its commitment to Partnership with Microsoft. But reworking of the deal between the two companies has allowed OpenAI to pursue a partnership with Amazon, as Microsoft has also moved forward and started working with Anthropic.
Amidst all this, the company is rumored to launch a smart speaker as early as 2027, ink a content deal with Disney, and fend off increasing competition from companies like Anthropic and Google. It’s also potentially working toward an IPO, as CEO Sam Altman revealed cnbc That, “We are ready to go public at the right time.”
