Microsoft Joins OpenAI's $122B Round, Secures $7B Power Deal
Microsoft joined OpenAI's record $122 billion funding round valuing the AI startup at $852 billion alongside Amazon, Nvidia and SoftBank. It also secured an exclusivity agreement with Chevron and Engine No.1 for a $7 billion, 2,500 megawatt natural gas power plant in West Texas to feed its AI data centers.
1. Microsoft Joins $122 Billion OpenAI Funding Round
Microsoft joined the final close of OpenAI's $122 billion funding round, boosting the AI startup’s post-money valuation to $852 billion. The round was anchored by Amazon, Nvidia and SoftBank, reinforcing Microsoft’s strategic partnership and continued financial commitment to OpenAI’s development.
2. Secures $7 Billion West Texas Power Deal
Microsoft entered an exclusivity agreement with Chevron and Engine No.1 to secure 2,500 megawatts of natural gas–generated electricity via a proposed $7 billion power plant in West Texas. The facility, targeted for 2027 startup, is designed to meet the growing energy demands of Microsoft’s AI data center network.