Nvidia and OpenAI are close to finalising a $30 billion equity investment, replacing last year’s unfinished $100 billion agreement. The deal, part of OpenAI’s new funding round, could be sealed this weekend. Much of the capital will be reinvested into Nvidia hardware, underscoring their deep partnership.
In a significant shift within the AI investment landscape, Nvidia and OpenAI are preparing to close a $30 billion deal, according to the Financial Times. This marks a departure from the $100 billion long-term commitment announced in September 2025, which never materialised. The new agreement is expected to be part of OpenAI’s broader $100 billion funding round, valuing the ChatGPT maker at nearly $830 billion.
Key Highlights
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OpenAI plans to reinvest a large portion of the new capital into Nvidia’s AI hardware, reinforcing Nvidia’s dominance in the sector
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The $30 billion investment will be structured as equity, giving Nvidia a stake in OpenAI’s growth trajectory
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The earlier $100 billion deal was only a letter of intent and was never closed, reflecting investor caution amid a 17% downturn in US tech stocks this year
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Despite speculation of cooling relations, Sam Altman and Jensen Huang have publicly reaffirmed their strong partnership, dismissing reports of discord
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The deal could be finalised as early as this weekend, positioning Nvidia as a central player in OpenAI’s next growth phase
Sources: Financial Times, Reuters, CNBC, The Economic Times