Krux
February 23, 2026
OpenAI Eyes Historic $100B Round From Nvidia, Amazon
Published: February 23, 2026 at 12:28 AM
Updated: February 23, 2026 at 12:28 AM
100-word summary
OpenAI is reportedly finalizing first commitments for an unprecedented $100 billion private funding round, targeting close by month-end February 2026. Early commitments include Nvidia (potentially $20-30B), Amazon (up to $50B), SoftBank, and Microsoft, valuing the company around $830-850 billion post-money. The capital will fund massive compute infrastructure buildouts and GPU procurement for initiatives like Stargate. Terms may hinge on OpenAI's planned for-profit restructuring, with a second tranche expected later in 2026. The round underscores a strategic land grab by cloud and chip giants to lock in OpenAI's future compute needs and AI ecosystem influence.
What happened
OpenAI is reportedly finalizing first commitments for an unprecedented $100 billion private funding round, targeting close by month-end February 2026. Early commitments include Nvidia (potentially $20-30B), Amazon (up to $50B), SoftBank, and Microsoft, valuing the company around $830-850 billion post-money. The capital will fund massive compute infrastructure buildouts and GPU procurement for initiatives like Stargate. Terms may hinge on OpenAI's planned for-profit restructuring, with a second tranche expected later in 2026.
Why it matters
The round underscores a strategic land grab by cloud and chip giants to lock in OpenAI's future compute needs and AI ecosystem influence.