Nvidia nears $30 billion investment in OpenAI: report

Nvidia is close to finalising a $30 billion investment in OpenAI as part of a fundraising round seeking more than $100 billion, according to a recent report by Reuters, which cites a person familiar with the matter.

The investment would value the ChatGPT maker at approximately $830 billion and rank among the largest private capital raises on record, the source said. SoftBank and Amazon are also expected to participate in the round, Reuters has previously reported.

The deal would replace a commitment announced in September under which Nvidia planned to invest up to $100 billion to support OpenAI's use of its chips in data centres, the Financial Times reported. An initial $10 billion investment was planned once a definitive agreement was reached for OpenAI to purchase Nvidia systems, but negotiations took longer than expected, the source said, as per Reuters.

OpenAI intends to use much of the new capital to purchase Nvidia's chips, which power the training and deployment of its AI models, according to the person familiar with the matter. Nvidia declined to comment when contacted by Reuters.