Nvidia Approaches a Monumental $30B Investment in OpenAI’s Mega Funding Round
Nvidia is on the brink of finalizing a monumental $30 billion investment in OpenAI, marking one of the largest private capital raises in history. This investment by the chipmaker is a part of a broader funding round that could potentially exceed $100 billion, valuing the ChatGPT maker at an estimated $830 billion.
This deal signifies a notable strategic shift from a previously announced $100 billion infrastructure agreement. As per sources in the know, this new investment is not tied to any deployment milestones, thereby granting both companies more flexibility as the AI landscape continues to evolve. It is also expected that SoftBank and Amazon will participate in the funding round.
The investment underscores the increasingly interlaced relationships among the major technology companies that are vying to build advanced AI systems. It is anticipated that OpenAI will use a significant portion of the fresh capital to purchase Nvidia’s chips. These chips power the training and deployment of its artificial intelligence models, ensuring a continued demand for Nvidia’s GPU technology.
Source: CNBC