Nvidia, Amazon and Microsoft are holding talks to pour $60 billion into OpenAI, and this will anchor one of the biggest raises in a private funding round the tech industry has ever seen.
From what has emerged so far, Nvidia is weighing the largest cheque. The chipmaker, already central to OpenAI’s operations, is considering an investment of up to $30 billion.
Microsoft, which has backed OpenAI from the start, is discussing a much smaller top-up of under $10 billion. Amazon, entering the picture for the first time, could commit well above $10 billion and possibly exceed $20 billion.
The discussions are said to be advanced. Term sheets are close, implying the talks have moved beyond early signalling into concrete commitments. None of the companies has confirmed the details.
Amazon and Microsoft declined to comment, while Nvidia and OpenAI did not respond outside normal business hours.
This would form the core of a funding round that could reach $100 billion. That figure alone changes the scale of the story. At that level, OpenAI’s valuation would rise to around $830 billion, placing it ahead of every private company globally and within touching distance of the largest names on the S&P 500.
SoftBank is also circling. The Japanese group is reportedly in discussions to add up to $30 billion of its own, which would further tilt the round into record territory.
Nvidia’s involvement helps lock in demand for its chips, which remain essential for training and running large models. Amazon’s interest goes beyond a simple equity stake.
Its investment is tied to separate negotiations, including a possible expansion of OpenAI’s use of Amazon’s cloud servers and a commercial deal that would see OpenAI’s products sold through Amazon’s enterprise channels.
For Microsoft, any fresh funding would strengthen an already tight integration between OpenAI’s technology and its own software and cloud services, even as regulators watch.
Behind the OpenAI funding round, the cost of training and operating large models keeps climbing, running into billions of dollars each year. Competition is also strengthening.
Alphabet is pushing hard with its own systems, and competitors are striking partnerships to close the gap.
The capital would give OpenAI room to expand and invest aggressively, but it also accentuates how much cash the business burns to stay at the frontier.
