Nvidia is reportedly preparing to invest about $30 billion in OpenAI, scaling back an earlier plan to commit as much as $100 billion, according to a report by the Financial Times.
The chipmaker is expected to participate in OpenAI’s latest funding round, which could be finalised as early as this weekend, the report said, citing unnamed sources. Nvidia declined to comment.
Chief executive Jensen Huang has previously said the company would make a “huge” investment in OpenAI and rejected as “nonsense” suggestions he was dissatisfied with the generative AI firm. He made the remarks in January after the Wall Street Journal reported that Nvidia’s earlier $100 billion investment plan had been paused.
The funding, first outlined in September, is intended to help expand infrastructure for next-generation AI, with the current round reportedly valuing OpenAI at around $850 billion.
Huang described speculation that Nvidia was reconsidering its commitment as “complete nonsense,” calling OpenAI “one of the most consequential companies of our time”.
“Sam is closing the round, and we will absolutely be involved in the round,” Huang said, referring to OpenAI chief executive Sam Altman. “We will invest a great deal of money.”
Nvidia remains a leading supplier of the processors used to train and run advanced large language models, and much of the funding flowing into AI developers is being channelled into its hardware to build data centres packed with high-performance GPUs.
The surge in AI investment — including rapid construction of large data centres and heavy spending on energy-intensive chips — continues despite growing concerns in financial markets.
