OpenAI closed $110B funding at $730B valuation with Amazon ($50B), SoftBank ($30B), and Nvidia ($30B...
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The article describes a massive $110B round for OpenAI (01.§4) and introduces a 'circular financing' pattern that links mega-scale capital (cross.§D) directly to hyperscaler compute procurement (cross.§A).
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OpenAI closed $110B funding at $730B valuation with Amazon ($50B), SoftBank ($30B), and Nvidia ($30B), making it the largest private funding round ever and pushing post-money valuation to $840B. The deal includes a strategic partnership where OpenAI commits to 2 gigawatts of Amazon's Trainium chips and expands AWS spending by $100B over 8 years. This "circular financing" pattern, where investors are also major suppliers, is reshaping AI economics - investors commit capital while locking in compute customers. With Anthropic's recent $30B raise at $380B valuation, the combined value of top AI startups now exceeds $1.2T, yet profitability remains elusive as funding flows directly back to chip and cloud providers.
