Nvidia close to $30bn OpenAI investment as original $100bn plan is reworked

The move would mark a major shift from an earlier deal that never materialised.

The Financial Times and Reuters both report that talks are in advanced stages and the new arrangement could be agreed imminently.

Under the proposed terms, Nvidia would take a direct stake in OpenAI, replacing a previously mooted $100 billion multi‑year investment announced in 2025 but never formalised.

OpenAI is understood to be seeking more than $100 billion from a broader group of investors, a round that could value the maker of ChatGPT at around $830 billion, one of the largest private capital raises on record.

Much of the fresh funding is likely to be reinvested into Nvidia’s own hardware, which powers the advanced computing behind large AI models.

The switch from the original $100 billion plan to a sizeable but smaller equity transaction reflects ongoing uncertainty among investors about the long‑term funding dynamics in the fast‑evolving AI sector.

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