OpenAI is reportedly closing in on one of the largest private fundraising rounds in tech history, with commitments that could exceed $100 billion and push its valuation to roughly $830 billion. If finalized, the deal would cement the ChatGPT maker as one of the most valuable private companies on the planet.
According to reports, the funding would come from a who’s who of Big Tech and global capital, underscoring how central AI has become to the future of the industry.
SoftBank leads, tech giants pile in
SoftBank $SFTBY ( ▼ 1.82% ) is expected to anchor the round with a staggering $30 billion investment, delivered in three $10 billion tranches over the course of the year. Amazon $AMZN ( ▼ 1.56% ) could contribute as much as $50 billion, while Nvidia $NVDA ( ▲ 3.08% ) may invest up to $30 billion, a notable increase from earlier estimates. Microsoft $MSFT ( ▲ 1.42% ) is also expected to participate with an additional multibillion-dollar commitment.
Taken together, the potential contributions highlight a rare moment where major competitors are simultaneously backing the same company, a sign that access to cutting-edge AI may be more important than maintaining distance from rivals.
An arms race measured in hundreds of billions
OpenAI was last valued at about $500 billion following an October fundraising round, meaning the new deal would represent a massive step up in a matter of months. The surge reflects both explosive demand for AI infrastructure and the enormous capital required to train and deploy frontier models.
Competition is heating up across the sector. Earlier this month, rival Anthropic raised $30 billion at a $380 billion valuation, with backing from some of the same tech heavyweights. The scale of these rounds suggests the AI race is no longer just about talent or algorithms, it’s about who can finance the most compute.
Why this round matters beyond the headline number
An $830 billion valuation would place OpenAI within striking distance of the world’s most valuable public companies, despite remaining private. It would also deepen ties between the company and the hyperscalers that supply its computing power, potentially shaping the structure of the AI ecosystem for years to come.
In practical terms, this isn’t just another funding round. It’s a signal that the biggest players in tech believe the next decade will be defined by AI, and they’re willing to commit historic amounts of capital to secure a seat at the table.