Nvidia is close to investing $30 billion in OpenAI, according to a report by the Financial Times. That’s much smaller than the earlier plan of $100 billion — but it’s still a massive bet on artificial intelligence.
The report says the deal could be finalized as soon as this weekend. Nvidia has not commented.
Back in September, Nvidia announced plans to invest up to $100 billion in OpenAI, the company behind ChatGPT. The goal was to help OpenAI build the powerful infrastructure needed for the next wave of AI.
But in January, the The Wall Street Journal reported that the plan had been paused. That sparked rumors that Nvidia might be having second thoughts.
Nvidia’s CEO, Jensen Huang, quickly shut that down.
He called the idea that Nvidia was unhappy with OpenAI “complete nonsense.” He made it clear the company still plans to invest heavily.
“Sam is closing the round, and we will absolutely be involved,” Huang said, referring to OpenAI CEO Sam Altman. “We will invest a great deal of money.”
The new funding round reportedly values OpenAI at around $850 billion — a staggering figure that shows just how big the AI race has become.
Nvidia has become one of the most important companies in this race. Its chips power the massive data centers that train and run advanced AI systems. Companies building large language models — the technology behind chatbots like ChatGPT and Google Gemini — rely heavily on Nvidia’s GPUs.
Much of the huge funding flowing into AI is being spent on Nvidia’s hardware. Tech companies are racing to build data centers packed with powerful chips, preparing for what they expect will be a huge surge in demand for AI tools.
Even though some investors are starting to worry about how fast and how big this AI boom has become, the spending hasn’t slowed down much.
If this $30 billion deal goes through, it will be one of the largest AI investments ever — and a clear sign that Nvidia and OpenAI are going all in.
