Nvidia is in talks to invest up to $30 billion in OpenAI, source says
Summary
Nvidia is currently in discussions to invest as much as $30 billion in OpenAI as part of a funding round that would assign the AI startup a pre-money valuation of $730 billion, according to a source familiar with the confidential talks. This potential $30 billion investment is separate from the $100 billion infrastructure agreement previously announced by OpenAI and Nvidia in September, which involved Nvidia investing over several years as new supercomputing facilities came online. While the details of the $30 billion deal are not final and subject to change, the news follows recent speculation about the status of the larger infrastructure deal. Both OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang have previously affirmed their strong working relationship and intent for Nvidia to invest in OpenAI's next funding round. OpenAI is reportedly seeking a total round size of around $100 billion, potentially closing in two parts, starting with strategic investors like Amazon, Microsoft, and Nvidia.
(Source:CNBC)