Explore the most important public company relationships with OpenAI in 2026, including Microsoft, AMD, and NVIDIA.
| ticker | Company Name | Nature of relationship with OpenAI | Why it matters / evidence | Source |
|---|---|---|---|---|
| $MSFT | Microsoft Corp. | Strategic partner, major investor, infrastructure/API partner, IP/commercial rights holder | Most material disclosed relationship in the set. Microsoft says it has a “long-term strategic partnership”, is a “major investor”, has made “total funding commitments of $13 billion”, has reciprocal revenue-sharing arrangements, holds rights to OpenAI’s intellectual property, including models and infrastructure, for integration into our products, and that “The OpenAI API is exclusive to Azure, runs on Azure” with a right of first refusal on OpenAI's new capacity needs. Microsoft also later said it “closed a new definitive agreement with OpenAI” and that it remains “one of the most successful partnerships and investments our industry has ever seen.” | 2025-07-30 10-K, Oct 29, 2025 Earnings Call, Apr 29, 2026 Earnings Call |
| $AMD | Advanced Micro Devices Inc. | Core compute provider / multiyear GPU supply and co-engineering partner | One of the largest disclosed compute relationships. AMD disclosed a “comprehensive multiyear agreement with OpenAI to deploy 6 gigawatts of Instinct GPUs” with the first gigawatt starting in 2H26. AMD said the partnership “establishes AMD as a core compute provider for OpenAI” and involves work on future hardware, software, networking and system-level road maps. AMD also called OpenAI “a very significant relationship” and said the partnership gives “multiyear visibility into large-scale deployments.” | Nov 4, 2025 Earnings Call, 2026-02-03 10-K, May 5, 2026 Earnings Call |
| Cerebras Systems Inc | Massive inference compute vendor, engineering collaborator, financed by OpenAI | Arguably the biggest disclosed pure-play OpenAI customer/vendor relationship in the set. Cerebras says OpenAI signed an MRA to purchase 750MW of AI inference compute capacity plus related services, with an option for an additional 1.25GW. It also says OpenAI provided a ~$1.0 billion working capital loan. Another passage says the deal is “valued at more than $20 billion” and that OpenAI and Cerebras agreed to co-design future models for future Cerebras hardware. | Apr 17, 2026 S-1 | |
| $NVDA | NVIDIA Corp. | Longstanding ecosystem partner, cloud supply path, strategic data-center partner, investor/near-investor | NVIDIA says it has been partnering with OpenAI “since their first days.” It serves OpenAI through cloud partners Microsoft Azure, OCI and CoreWeave, is “working on a strategic partnership… focused on helping them build and deploy at least 10 gigawatts of AI data centers,” and disclosed it is finalizing an investment and partnership agreement with OpenAI. NVIDIA also said it invests in OpenAI for “a deep partnership in co-development.” | Nov 19, 2025 Earnings Call, Feb 25, 2026 Earnings Call, 2026-02-25 10-K |
| $ORCL | Oracle Corp. | Cloud infrastructure provider / AI cloud contract counterparty; Stargate-related partner | Oracle explicitly said it has “signed significant cloud contracts… including OpenAI” and separately said “we work with OpenAI” and that OpenAI is “one of our partners in Stargate.” This places Oracle as a major infrastructure counterparty in OpenAI’s compute stack. | Jun 11, 2025 Earnings Call, Sep 9, 2025 Earnings Call |
| $GOOGL | Alphabet Inc. | Google Cloud partner / cloud infrastructure provider | Alphabet said it is “very excited to be partnering with them on Google Cloud” and described the relationship as a cloud-side partnership it expects to “invest more in… and grow.” | Jul 23, 2025 Earnings Call |
| $AMZN | Amazon.com Inc. | Commercial agreement / relationship with OpenAI | Amazon said “we announced an agreement with OpenAI in November” and called it “a big one.” The exact scope is not detailed in the provided evidence, but the company explicitly characterizes it as a significant agreement. | Feb 5, 2026 Earnings Call |
| $SNOW | Snowflake Inc. | Expanded product/model partnership; OpenAI models native in Snowflake | Snowflake disclosed a “$200 million expanded partnership with OpenAI” that “brings OpenAI's models natively into Snowflake” while keeping customer data secure and governed. Snowflake also said it has “really good partnerships” with OpenAI and collaborates closely on great and safe AI products. | Feb 25, 2026 Earnings Call, May 27, 2026 Earnings Call |
