OpenAI Closes $110 Billion Round From Amazon, Nvidia and SoftBank, Locking In Massive Compute Deals

Overview

• Amazon will invest $50 billion, starting with $15 billion followed by $35 billion upon conditions, alongside $30 billion each from Nvidia and SoftBank, OpenAI said Friday.
• OpenAI will tap 2 gigawatts of capacity on Amazon’s Trainium chips and commit an additional $100 billion of AWS spending over eight years, expanding a prior cloud agreement.
• The company will also use Nvidia’s latest Rubin systems representing roughly 5 gigawatts of compute, as Nvidia takes a $30 billion equity stake.
• It remains unclear whether Nvidia’s new commitment replaces a previously reported plan of up to $100 billion, which had stalled in earlier negotiations, according to Reuters.
• Microsoft’s role is unchanged, with Azure remaining the exclusive cloud for OpenAI’s APIs and Microsoft retaining exclusive licensing rights to OpenAI’s models and products.