
The company completed the investment ahead of earlier trigger conditions, deepening its push into AI infrastructure and cloud services as OpenAI shifts toward a multi-cloud strategy.
Amazon said it has completed its full $50 billion investment in OpenAI, disclosing in its 10-Q that it purchased $15 billion of Series C preferred stock in the first quarter, $13.7 billion in the second quarter and the remaining $21.3 billion after June 30. The company had initially structured part of the commitment around later milestones, but fulfilled the full amount early, according to the new report. Regulatory filings cited in the report imply OpenAI’s valuation has risen to about $852 billion, up from the $730 billion valuation referenced when OpenAI said in February it had raised $110 billion, including Amazon’s initial $15 billion contribution. The report also said a renegotiation in April of OpenAI’s cloud agreement with Microsoft cleared the way for Amazon Web Services to formally provide services to OpenAI, marking a shift toward a multi-cloud approach. The investment adds to Amazon’s broader AI strategy, which also includes a large commitment to Anthropic and a push to expand adoption of its Trainium chips and AWS infrastructure.