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Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in discussions to invest roughly $20 billion in OpenAI as part of the ChatGPT creator’s latest funding round, though the agreement has not yet been finalized.
OpenAI is aiming to raise as much as $100 billion in this round, which would value the artificial intelligence startup at approximately $830 billion. If completed, this would mark one of the largest private funding rounds in technology history and further cement OpenAI’s position as a dominant force in generative AI. The funding push highlights the intense competition among major tech companies to secure strategic partnerships with leading AI developers.
Companies such as Amazon and SoftBank Group are also racing to deepen their relationships with OpenAI, betting that closer collaboration will provide a competitive edge in the rapidly evolving AI market. Earlier reports from Bloomberg News indicated that Nvidia was close to sealing a deal with OpenAI, reinforcing speculation about a major partnership between the two firms.
However, negotiations have not been smooth. The Wall Street Journal previously reported that Nvidia’s earlier plan, disclosed in September, to invest up to $100 billion in OpenAI while supplying data center chips had stalled. That deal was initially expected to close within weeks but has since faced months of delays. Despite this, Nvidia CEO Jensen Huang has publicly denied any friction, stating that Nvidia plans to make a “huge” investment in OpenAI, potentially the largest in the company’s history.
Huang also told CNBC that Nvidia would consider participating in OpenAI’s future fundraising rounds and its eventual initial public offering. This comes amid reports that OpenAI has explored alternatives to some of Nvidia’s latest AI chips, potentially complicating the relationship. Still, OpenAI CEO Sam Altman emphasized that Nvidia produces the best AI chips in the world and expressed hope that OpenAI would remain a major customer for years to come.
The potential Nvidia investment underscores the high stakes of the AI race, as industry leaders compete to shape the future of artificial intelligence.
