Nvidia in Negotiations to Invest up to $30 Billion in OpenAI, According to Sources

Nvidia Plans to Invest Up to $30 Billion in OpenAI

Nvidia, a leading technology company, is talking to invest as much as $30 billion in OpenAI, an artificial intelligence (AI) startup. This investment could make OpenAI valued at $730 billion before any new money is added, according to a report from CNBC.

Separate from Previous Agreements

This $30 billion investment is different from the $100 billion agreement Nvidia made with OpenAI last September. That deal focused on building new supercomputing facilities. Reports suggest that Nvidia’s first investment of $10 billion would be made when their first gigawatt of power is ready.

A source stated that the recent talks about the $30 billion investment are not tied to any specific goals or milestones that OpenAI needs to meet.

Ongoing Developments and Questions

There have been many questions around the $100 billion infrastructure agreement between OpenAI and Nvidia. Some reports have indicated that this deal is currently uncertain. In a recent post on social media, OpenAI’s CEO, Sam Altman, mentioned he doesn’t understand the concerns and emphasized that OpenAI enjoys working with Nvidia.

Nvidia’s CEO, Jensen Huang, has also reassured that the company is likely to invest in OpenAI’s next funding round.

Broader Fundraising Efforts

OpenAI is exploring fundraising with other investors as well. This round of funding could total around $100 billion, and it might be completed in two stages. The first part could involve investments from large companies like Amazon, Microsoft, and Nvidia. Other investors might join in later.

In summary, Nvidia’s possible investment in OpenAI highlights the ongoing collaborations and developments in the AI sector. As discussions continue, the technology world is watching closely to see what happens next.

For more information, you can watch CNBC’s full interview with OpenAI CEO Sam Altman here.