AI models and platforms · Starter · Team Microsoft and OpenAI

OpenAI

Frontier model lab, now also a designer of its own accelerators.

78OVRRotationDraft · rated on 4 of 6

Ratings

OpenAI closed a $122bn round at an $852bn post-money valuation in March 2026 on the largest consumer audience, and its rating rests on turning compute commitments into revenue.

Dominance82draft
Holds 27% of enterprise LLM API spend against Anthropic's 40%, and has the largest consumer audience.
reported news.bloomberglaw.com
Momentumunrated
The Atlas gives no growth figure for OpenAI's revenue or users.
Leverage65draft
Suppliers hold large contracts tied to it, including Oracle's $300bn five-year cloud contract and CoreWeave contracts of about $22.4bn.
reported intuitionlabs.aireported nextplatform.com
Network base 50, judgment +15.
Durability66draft
Its named risk is turning compute commitments into revenue, and Amazon's $35bn is contingent on an IPO or an AGI milestone.
reported news.bloomberglaw.com
Firepower99draft
Closed a $122bn round at an $852bn post-money valuation in March 2026.
reported news.bloomberglaw.com
Deal Heatunrated
The Atlas reports a further raise in talks and no reported sale, purchase or listing plan.

Key figures

$122bnRound, March 2026 $852bnPost-money valuation $50bnAmazon commitment

From the Atlas key figure: $122bn round at an $852bn post-money valuation, March 2026. Amazon committed $50bn, and Nvidia and SoftBank $30bn each. A further $30bn raise at $1.25tn to $1.4tn is reported in talks, unsigned. Source: news.bloomberglaw.com.

Profile

Frontier model lab, now also a designer of its own accelerators.

AI models and platforms · Frontier labs · Starter

Key figure $122bn round at an $852bn post-money valuation, March 2026. Amazon committed $50bn, and Nvidia and SoftBank $30bn each. A further $30bn raise at $1.25tn to $1.4tn is reported in talks, unsigned.

Why it leads The largest consumer audience, with signed compute commitments across Nvidia, AMD, Broadcom, Cerebras and Oracle.

What could change it Turning compute commitments into revenue. Amazon's $35bn is contingent on an IPO or an AGI milestone.

reported news.bloomberglaw.com

Silicon · Custom chips for the biggest buyers · Second string

Key figure 10 gigawatts of OpenAI-designed accelerators with Broadcom, under a signed term sheet. Racks planned from the second half of 2026 to the end of 2029.

Why it may rise A model lab that designs its own chips can tune the hardware to its models.

What could change it First silicon has to ship on schedule. Terms were not disclosed.

sourced openai.com

Internet and consumer platforms · Search, social and advertising · Second string

Key figure ChatGPT is the main consumer alternative to search. AI-native engines were reported under 0.1% of search referrals each (single source, unverified).

Why it may rise Many questions now start in a chat window.

What could change it Measurement is unsettled, and no ad business at scale is verified.

reported colorlib.com

Connections

Allies and partners

AMD in Silicon
6 GW Instinct supply agreement with a warrant for up to 160 million AMD shares. ir.amd.com
On the map
Broadcom in Silicon
Co-develop and deploy 10 GW of OpenAI-designed accelerators under a signed term sheet. openai.com
On the map
Cerebras in Silicon
Multi-year agreement valued above $20bn, cited in Cerebras's S-1/A. techcrunch.com
On the map
Oracle in Cloud and compute
$300bn, five-year cloud contract starting in 2027 and assuming about 4.5 GW. intuitionlabs.ai
On the map
CoreWeave in Cloud and compute
Contracts with OpenAI total about $22.4bn. nextplatform.com
On the map
Shopify in Internet and consumer platforms
Shopify says it works with OpenAI, Google, Meta and Microsoft on agentic commerce protocols (earnings-call commentary). digitalapplied.com
On the map

Rivals

Anthropic
Menlo's late 2025 survey put Anthropic at 40% of enterprise API spend and OpenAI at 27%. hpcwire.com
On the map
Google in Silicon
Gemini passed 950 million monthly users in July 2026, closing on ChatGPT's consumer lead. forbes.com
On the map
DeepSeek
Open-weight models taking developer request share on OpenRouter. usecarly.com
On the map

Owners and backers

funded by Nvidia in Silicon
A 10 GW and up to $100bn letter of intent never became definitive. Reuters reported in February 2026 that Nvidia was close to investing about $30bn in OpenAI's round instead, a figure not yet final. bnnbloomberg.ca
On the map
funded by Amazon in Cloud and compute
Committed $50bn to OpenAI's round. About $35bn is contingent on an IPO or an AGI milestone. news.bloomberglaw.com
On the map
funded by SoftBank in Owners and backers
Committed $30bn to the $122bn round. news.bloomberglaw.com
On the map
funded by Microsoft in Cloud and compute
Participated in the 2026 round, amount undisclosed. Large Azure and Oracle commitments sit alongside it. finance.yahoo.com
On the map
funded by MGX in Owners and backers
Among the investors in OpenAI's $122bn round. finance.yahoo.com
On the map

See OpenAI and its connections on the map →

Sector standing

No. 4 of 11 rated in AI models and platforms

No. 12 of 32 rated in Silicon

No. 4 of 11 rated in Internet and consumer platforms

Ratings by Claude (draft), 2026-11-02, read from the Atlas data under the ratings rubric. Logo: commons.wikimedia.org. Wikimedia Commons: public domain, with a trademark restriction. The mark is a trademark of its owner.