Nvidia is reportedly on the verge of investing $30 billion in OpenAI, scaling back from an earlier plan to commit as much as $100 billion to the ChatGPT maker.
The development was first reported by the Financial Times on Thursday, citing unnamed sources familiar with the matter. According to the report, Nvidia is expected to participate in OpenAI’s latest funding round, with an agreement that could be finalized as early as this weekend.
Nvidia declined to comment on the report.
Chief Executive Jensen Huang had previously dismissed suggestions that the company was wavering on its commitment. Speaking in late January, Huang described reports that Nvidia had paused its $100 billion plan as “complete nonsense.”
The earlier report, published by The Wall Street Journal, claimed the ambitious investment had been put on hold. However, Huang maintained that the chipmaker would make a “huge” investment in what he called one of the most consequential companies of the modern era.
“Sam is closing the round, and we will absolutely be involved in the round,” Huang said, referring to OpenAI chief executive Sam Altman. “We will invest a great deal of money.”
Nvidia initially announced plans in September to support OpenAI’s infrastructure expansion. The investment is intended to boost computing capacity for next-generation artificial intelligence systems.
The funding round is reported to value OpenAI at approximately $850 billion, underscoring the rapid growth and investor enthusiasm surrounding the AI sector.
Nvidia has become the dominant supplier of graphics processing units (GPUs) used to train and operate large language models (LLMs) that power tools such as OpenAI’s ChatGPT and Google Gemini.
As AI developers channel billions of dollars into building data centres packed with Nvidia chips, the industry continues to expand at pace.
The surge in AI investment persists despite growing caution in global markets, where concerns are emerging over the sustainability of heavy spending on energy-intensive data infrastructure.
