Nvidia nears $30bn investment in OpenAI

Nvidia is reportedly finalizing a $30 billion investment in OpenAI – but uncertainty remains about the fate of the original $100 billion multiyear commitment.

Multiple sources, including Reuters and The Financial Times, have reported that the investment would replace the previous $100 billion multiyear investment partnership aimed at supporting new AI infrastructure and allowing OpenAI to build data centers equipped with Nvidia’s advanced chips. People familiar with the matter told The Financial Times that the companies would not proceed with it.

However, an undisclosed source shared with CNBC that the $30 billion investment is separate from the $100 billion infrastructure agreement and is not tied to any deployment milestones, adding that Nvidia could still participate in future funding rounds aligned with the earlier framework.

The investment forms part of a broader funding round aimed at raising more than $100 billion and potentially valuing OpenAI at between roughly $730 billion and $830 billion, according to separate estimations.

OpenAI is expected to reinvest much of the new capital to buy Nvidia's chips used for training and running inference on its large language models.

The nonbinding plan to invest up ‌to $100 billion in OpenAI was announced in September. Earlier in February 2026, it was revealed that Nvidia was planning a "huge" investment in OpenAI, with Nvidia CEO Jensen Huang describing it as potentially “the largest investment [Nvidia] ever made.”

Even at $30 billion, this would still be one of Nvidia’s largest investments, surpassing the value of a $20bn licensing deal with chipmaker Groq.

In January, The Wall Street Journal said that the $100 billion plan had stalled. It cited people familiar with the matter who said that Huang had privately emphasized that the original $100 billion agreement was nonbinding and not finalized, and raised concerns about OpenAI’s business discipline and competition from tech rivals.

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Huang called the reports “nonsense”, and OpenAI CEO Sam Altman took it to X to speak up about the cooperation with Nvidia: "We love working with NVIDIA and they make the best AI chips in the world. We hope to be a gigantic customer for a very long time. I don't get where all this insanity is coming from."

OpenAI remains in talks with other potential investors, although agreements have not yet been finalized. According to previous reports, SoftBank, Microsoft, and Amazon are among the companies expected to participate in the funding round.