AI Fund Flows

OpenAI → Microsoft: $250B cloud & services

OpenAI commits to buy $250 billion of Azure. In the October 2025 recapitalization OpenAI commits to purchase an additional $250 billion of Azure services; Microsoft loses its right of first refusal on compute.

This deal is 33% of everything OpenAI pays and 82% of everything Microsoft receives in this database.

Date
Oct 28, 2025
Paid by
OpenAI
Received by
Microsoft
Type
Cloud & services
Amount
$250B
Status
announced
Note
incremental Azure commitment

Sources

Loops that include this flow

All deals between OpenAI and Microsoft

More OpenAI / Microsoft deals

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