Nvidia is close to finalizing a $30 billion equity investment in OpenAI, dialing back from an earlier long-term commitment of up to $100 billion, according to a report by the Financial Times citing sources familiar with the matter. The AI chip leader is expected to join OpenAI’s massive new funding round, which could close as early as this weekend and raise over $100 billion overall. The round is said to value OpenAI at approximately $730 billion pre-money (pushing post-money toward $830–850 billion), highlighting the unrelenting investor enthusiasm for AI infrastructure and frontier model development.

Nvidia originally announced its intention in September to invest up to $100 billion to support OpenAI’s infrastructure buildout.

Nvidia declined to comment. However, CEO Jensen Huang previously dismissed any hesitation as “complete nonsense” in January, reaffirming the company’s intent to back OpenAI’s growth. He has called OpenAI “one of the most consequential companies of our time” and noted, “Sam is closing the round, and we will absolutely be involved,” referring to CEO Sam Altman.

The original September 2025 plan involved up to $100 billion to fuel OpenAI’s next-gen AI systems and large-scale data centers powered by Nvidia GPUs. That framework did not advance to a binding agreement.

Nvidia’s Central Role in the AI Boom As the dominant supplier of GPUs for training and running large language models like ChatGPT, Nvidia benefits enormously from OpenAI’s expansion. This equity stake deepens strategic alignment, even as the investment size is more modest than initially floated.

The AI capital cycle shows no signs of slowing, with massive funding pouring into energy-hungry infrastructure despite broader market volatility. If finalized, Nvidia’s $30 billion would rank among the largest private tech investments ever, underscoring conviction in AI’s long-term trajectory.