Nvidia, Amazon, and Microsoft in talks to invest up to $60B in OpenAI as valuation nears $830B

Big money is circling OpenAI again, and this time the numbers are hard to ignore.

Nvidia, Amazon, and Microsoft are in talks to invest as much as $60 billion into OpenAI, according to a Wednesday report from The Information. If the discussions hold, the deal would rank among the largest private tech financings ever and could push OpenAI’s valuation toward levels usually reserved for public giants.

Nvidia sits at the center of the conversation. The chipmaker, already a key OpenAI backer and the supplier behind much of its model training, is said to be discussing an investment of up to $30 billion. Microsoft, OpenAI’s longtime partner, is reportedly considering a smaller commitment, coming in below $10 billion. Amazon, which has no prior equity stake, is in talks to put in far more, with figures floating above $10 billion and potentially crossing $20 billion.

The timing stands out. A day earlier, the Wall Street Journal reported that SoftBank was in discussions to invest another $30 billion into OpenAI, a move that could drive its valuation close to $830 billion. That report signaled growing global interest from capital-heavy players eager to lock in exposure to the company shaping the next phase of AI infrastructure.

According to The Information, OpenAI is close to receiving term sheets, a signal that conversations are moving beyond early feelers. Amazon and Microsoft declined to comment. Nvidia and OpenAI did not respond to requests for comment outside normal business hours.

Amazon’s potential investment appears tied to broader negotiations. Those talks reportedly include a larger cloud server rental arrangement and a commercial agreement that would place OpenAI products, including enterprise ChatGPT subscriptions, inside Amazon’s sales channels. The structure suggests a relationship built around distribution and infrastructure rather than a simple equity check.

The funding push comes at a moment of mounting pressure. Training and running large AI models demand massive compute, energy, and data center capacity. Competition is heating up, with Alphabet’s Google pressing forward across models, platforms, and custom silicon. OpenAI’s costs continue to climb, making access to deep-pocketed partners less a luxury and more a necessity.

What emerges is a familiar pattern in modern AI: companies building models increasingly depend on those that control chips, clouds, and global distribution. This latest round of talks reflects that reality, placing OpenAI at the center of a high-stakes alignment between capital, compute, and commercial reach.