Report: Nvidia nears $30B investment in OpenAI, replacing prior $100B deal

ChatGPT maker OpenAI is seeking to raise up to $100 billion in its latest funding round, which would value the company at about $830 billion

|
PrintFind an error? Report us
Related Topics
Nvidia
OpenAI
Nvidia is close to finalizing a $30 billion investment in OpenAI that would replace the long-term $100 billion commitment the companies agreed to last year, the Financial Times reported Thursday, citing sources.
The deal, part of a new funding round for the artificial intelligence startup, could be finalized as early as this weekend, the report said.
1 View gallery
NVIDIA OPENAINVIDIA OPENAI
(Photo: Getty Images)
Reuters could not immediately verify the report. Nvidia declined to comment.
ChatGPT maker OpenAI is seeking to raise up to $100 billion in its latest funding round, which would value the company at about $830 billion, Reuters reported in January.
According to the Financial Times, OpenAI will reinvest much of the new capital in Nvidia hardware, but the companies will not move forward with the $100 billion multiyear investment partnership they announced in September.
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
""