OpenAI Blog
OpenAI announced $110 billion in new funding at a $730 billion pre-money valuation. The investment includes $30 billion each from SoftBank and NVIDIA, plus $50 billion from Amazon. The capital will support OpenAI's infrastructure expansion and AI model development.
Today we’re announcing $110B in new investment at a $730B pre money valuation. This includes $30B from SoftBank, $30B from NVIDIA, and $50B from Amazon.
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The daily briefing
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TLDRocket
21 July 2026
The open-weight AI model market hit an inflection point today as Alibaba and Kimi released trillion-parameter competitors that challenge the closed-model orthodoxy—just as Washington moved to restrict them. Alibaba's Qwen 3.8 Max (2.4 trillion parameters) and Kimi K3 (2.8T) are going open-weight, with K3 ranking first on Frontend Web App Arena and fourth on agentic benchmarks, signaling that scale and transparency can coexist. The timing matters: while U.S. policymakers weigh layered restrictions on Chinese open models, technical experts are pushing back hard, arguing that closed gardens actually hurt security and competition more than they help. The real fragmentation risk isn't technical—it's regulatory.
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