A new AI bullet is coming! Reports indicate that OpenAI is exploring financing of "tens of billions or even $100 billion."

Wallstreetcn
2025.12.18 00:55
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OpenAI is planning a new round of large-scale financing, targeting an amount of up to tens of billions to 100 billion USD, to consolidate its position in the AI field and support model training costs. Reports indicate that OpenAI is discussing a valuation of 750 billion USD with investors, with the financing scale potentially reaching tens of billions to 100 billion USD. Amazon is negotiating to invest at least 10 billion USD in OpenAI and use its Trainium chips. This indicates that competition in the AI field is becoming increasingly fierce, and OpenAI is seeking to expand its cash reserves and diversify its chip supply chain

OpenAI is brewing a new round of unprecedented capital operations, aiming to further consolidate its dominance in the field of artificial intelligence through financing of up to hundreds of billions or even 100 billion USD, and to supplement its high model training costs.

According to The Information, citing three informed sources, OpenAI has discussed a valuation level of about 750 billion USD in recent contacts with investors. Two of the sources indicated that this round of financing could reach tens of billions of USD, potentially as high as 100 billion USD. The negotiations are still in the early stages, and no final terms have been settled.

This indicates that while consuming a large amount of funds for training and operating AI models, this startup is actively seeking to further expand its already considerable cash reserves.

If financing is completed at this valuation, it would be about 50% higher than the valuation from OpenAI's last share sale in October of last year, further bolstering its cash reserves for training and operating AI models. In addition to previously raising over 60 billion USD from investors such as Thrive Capital and SoftBank, OpenAI has also begun laying the groundwork for new financing.

Meanwhile, Amazon is also in deep contact with OpenAI. Reports indicate that Amazon is negotiating to invest at least 10 billion USD in OpenAI.

Wall Street Journal previously mentioned that as a key part of the deal, OpenAI would agree to use Amazon's self-developed Trainium chips. Previously, OpenAI announced plans to spend 38 billion USD to lease Amazon Web Services (AWS) servers over the next seven years, and the proposed investment would directly fund this leasing commitment. If the deal goes through, Amazon will join the ranks of tech giants, including NVIDIA, becoming a heavyweight investor in OpenAI's latest round.

This series of financing dynamics highlights the increasingly fierce and costly arms race in the field of generative AI. For investors, if OpenAI successfully brings in strategic allies like Amazon and achieves diversification in its chip supply chain, it not only means a significant expansion of its cash reserves but also indicates that the competitive relationships among Silicon Valley giants regarding computing power, exclusive agreements, and market share are becoming more intricate.

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