Krux
March 1, 2026
Amazon Leads OpenAI's $110B Round at $840B Valuation
Published: March 1, 2026 at 2:12 PM
Updated: March 1, 2026 at 2:12 PM
100-word summary
OpenAI just closed a $110 billion funding round led by Amazon ($50B), Nvidia ($30B), and SoftBank ($30B), valuing the company at $840 billion post-money. It's one of the largest private rounds in history. The money comes with strings: OpenAI will run its enterprise Frontier product exclusively on Amazon's cloud chips, while its consumer products stay on Microsoft Azure. The round is still open for more investors. Three tech giants are betting that whoever controls the computing power behind AI will control the market itself.
What happened
OpenAI just closed a $110 billion funding round led by Amazon ($50B), Nvidia ($30B), and SoftBank ($30B), valuing the company at $840 billion post-money. It's one of the largest private rounds in history. The money comes with strings: OpenAI will run its enterprise Frontier product exclusively on Amazon's cloud chips, while its consumer products stay on Microsoft Azure. The round is still open for more investors.
Why it matters
Three tech giants are betting that whoever controls the computing power behind AI will control the market itself.