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    OpenAI gets $110 billon in funding from a trio of tech powerhouses, led by Amazon

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    The OpenAI logo is displayed on a cellphone with an image on a computer monitor generated by ChatGPT's Dall-E text-to-image model, Dec. 8, 2023, in Boston. (AP Photo/Michael Dwyer, File)

    By Michelle Chapman, Business Writer

    SAN FRANCISCO (AP) --

    ChatGPT maker OpenAI has received $110 billion in funding from Amazon, SoftBank and Nvidia, putting the technology company’s pre-money valuation at $730 billion.

    Amazon is leading the trio of tech heavyweights in commitments, putting up $50 billion, followed by $30 billion each from Nvidia and SoftBank, said OpenAI co-founder and CEO Sam Altman on Friday. Other investors are anticipated to join as the funding round progresses.

    Amazon will start with an initial $15 billion investment and will invest another $35 billion in the coming months under preset conditions.

    “These partnerships expand our global reach, deepen our infrastructure, and strengthen our balance sheet so we can bring frontier AI to more people, more businesses, and more communities worldwide,” he wrote.

    Altman said that ChatGPT has more than 900 million weekly active users, and more than 50 million consumer subscribers.

    “We are entering a new phase where frontier AI moves from research into daily use at global scale,” he said. “Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on. This funding and these partnerships let us do both, and move faster on our mission to ensure AGI benefits all of humanity.”

    OpenAI and Amazon’s multiyear partnership will include bringing new advanced AI capabilities to enterprises and having Amazon Web Services serve as the exclusive third-party cloud distribution provider for OpenAI Frontier. OpenAI and AWS will expand their current $38 billion multiyear deal by $100 billion over eight years. The companies will partner on developing customized models available to Amazon developers to power Amazon’s customer-facing applications.

    OpenAI said it is also expanding its partnership with Nvidia.

    OpenAI and Microsoft have had a partnership since 2019. OpenAI said in a statement that nothing about the funding or new partners announced Friday “in any way changes the terms” of its relationship with Microsoft.

    “The partnership remains strong and central,” OpenAI said.

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    Producers Guild unveils Children’s, Short Form, Sports and Innovation Award winners

    Friday, February 27, 2026
    A scene from "Formula 1: Drive to Survive" (photo courtesy of Netflix)

    The Producers Guild of America hosted its annual West Coast celebration of the PGA Award nominees and their producing teams on Thursday night (2/26) at The Aster in Hollywood. The celebration kicked off events leading into the Producers Guild Awards ceremony on Saturday, February 28.

    During the evening, winners of four of the PGA Awards categories were announced:

    --The producing team for Sesame Street was presented with the award for Outstanding Children’s Program.
    --The producing team for Formula 1: Drive to Survive was presented with the award for Outstanding Sports Program.
    --The producing team for Adolescence: The Making of Adolescence was presented with the award for Outstanding Short Form Program.
    --The producing team for The Wizard of Oz at Sphere was presented with the PGA Innovation Award which celebrates outstanding entertainment endeavors across VR, AR, experiential and other emerging media.

    The remaining Producers Guild Awards winners will be announced at the annual award show on Saturday at The Fairmont Century City.

    Additionally on Thursday evening, Lydia Dean Pilcher (Queen of Katwe, Radium Girls) was presented with the Vance Van Petten Entrepreneurial Spirit Producing Award for her nearly two decades of work championing sustainability in film and television, including chairing the PGA’s Sustainability Task Force. Pilcher’s award was presented by Tendo Nagenda.

    Recent NYU graduate of the dual MBA/MFA program, Jessica Li was announced as the recipient of the Debra Hill Fellowship supporting emerging producers. The award was presented by Selection chairs Deniese Davis and Lucienne Papon.

    The PGA Innovation Award is juried and not voted on by... Read More

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