AI Fund Flows

Amazon ↔ OpenAI: every deal

All 3 deals between Amazon and OpenAI: $188B in total since Nov 3, 2025, with dates, status and sources. Updated Nov 9, 2026.

OpenAI → Amazon
$138B
Amazon → OpenAI
$50B

Loops that include this flow

Feb 27, 2026Cloud & servicesannounced$100B
OpenAI → Amazon · over 8 years, on top of the $38 billion

The $38 billion AWS contract grows by $100 billion over eight years; OpenAI commits to use at least 2 GW of Trainium chips and brings its models to Bedrock.

Feb 27, 2026Investmentclosed$50B
Amazon → OpenAI · $15 billion upfront + $35 billion conditional

Amazon leads the $110 billion round ($730 billion pre-money) with $50 billion: $15 billion upfront and $35 billion conditional. Completed per the SEC filing of 31/07/2026; AWS becomes the exclusive third-party cloud for the Frontier platform.

Nov 3, 2025Cloud & servicesannounced$38B
OpenAI → Amazon · 7 years

First major contract with AWS: $38 billion over seven years for hundreds of thousands of Nvidia GPUs (GB200/GB300) on EC2 UltraServers.