OpenAI
OpenAI develops the GPT models and ChatGPT. It rents most of its computing power from clouds such as Microsoft, Oracle and CoreWeave.
PrivateSan Francisco, California, United StatesAI labs
Exposure ≈$19B: $19B funded, $0 committed, $0 contingent (a maximum, not an expected loss).
Money loops
Buys from
Buys from Oracle · $300B
OpenAI's Oracle cloud partnership is worth more than $300B over five years.
Buys from Microsoft · $250B
After the 2025 restructuring, OpenAI agreed to purchase $250 billion of Azure services, and Microsoft gave up its right of first refusal on OpenAI's cloud purchases.
Oracle supplies OpenAI · $40B
The Financial Times reported that Oracle would buy about 400,000 Nvidia GB200 GPUs and lease the computing power to OpenAI for 15 years at Abilene, Texas.
Buys from CoreWeave · $22.4B
OpenAI's contracts with CoreWeave total up to about $22.4B.
Buys from Cerebras · $10B
In January 2026 Cerebras signed a deal with OpenAI to deliver 750 megawatts of computing power through 2028, for $10 billion.
Alphabet (Google) supplies OpenAI
From June 2025 OpenAI rented Google Cloud TPUs for ChatGPT and related services, its first meaningful use of non-Nvidia AI chips.
AMD supplies OpenAI
In October 2025 AMD agreed to sell six gigawatts of its AI processors to OpenAI over five years, with OpenAI holding an option on a stake in AMD.
SB Energy supplies OpenAI
SB Energy builds and runs the Ohio PORTS campus under 20-year leases to OpenAI.
Money
NVIDIA guarantees OpenAI · up to $105B
Credit support for OpenAI's 20-year leases at SB Energy's PORTS campus in Ohio, which hosts only NVIDIA hardware.
Amazon (AWS) invests in OpenAI · $50B
Amazon led OpenAI's February 2026 funding round with $50 billion, alongside SoftBank and Nvidia.
NVIDIA invests in OpenAI · $30B
NVIDIA agreed to put $30B into OpenAI as part of a $110B funding round.
SoftBank Group invests in OpenAI · $30B
SoftBank put $30B into OpenAI's $110B round.
Invests in Stargate · $19B
The Information reported OpenAI committed $19 billion and would hold 40% of the joint venture.
Microsoft invests in OpenAI · $13B
Microsoft invested nearly $13B in OpenAI, much of it as Azure computing credits.
Flags
Is flagged with ByteDance
The Verge reported in December 2023 that ByteDance used OpenAI's API for its own generative AI projects. OpenAI suspended the account pending a terms of service review.