Nvidia is close to finalising a roughly $30 billion investment in OpenAI, marking one of the most significant strategic moves yet in the rapidly escalating artificial intelligence arms race, according to a Reuters report citing sources familiar with the matter.  

The proposed investment would form part of OpenAI’s broader fundraising effort, which is expected to exceed $100 billion and could value the ChatGPT developer at as much as $830 billion, placing it among the world’s most valuable private companies.  

Strategic reset from earlier $100B plan

The new equity investment appears to replace an earlier, more complex long-term arrangement that had envisioned Nvidia committing up to $100 billion to support OpenAI’s data-centre expansion. That earlier framework was never finalised and has now been abandoned in favour of the more immediate capital injection.  

Under the revised structure, Nvidia would take a direct ownership stake in OpenAI rather than relying primarily on future hardware purchases to structure the partnership.  

Deepening AI ecosystem ties

The potential deal highlights the increasingly intertwined relationships between AI model developers, cloud providers, and semiconductor firms. OpenAI is expected to channel a significant portion of the fresh capital into purchasing Nvidia chips used to train and deploy advanced AI systems.  

Other major investors — including SoftBank, Amazon, Microsoft and MGX — are also reportedly involved in the broader funding round, underscoring the scale of capital now flowing into frontier AI infrastructure.  

Market context and investor sentiment

The shift from the previously discussed $100 billion framework reflects growing investor scrutiny around AI valuations and capital intensity, even as demand for compute continues to surge.  

For Nvidia, the move would formalise its position not just as OpenAI’s primary chip supplier but also as a major financial stakeholder in one of its largest customers — a dynamic increasingly common across the AI stack.  

Source: Reuters