NVIDIA is poised to complete a $30 billion investment in OpenAI, according to sources cited by the Financial Times. This move replaces a previous $100 billion long-term investment commitment between the two companies. The investment is part of OpenAI's latest fundraising round, which aims to raise over $100 billion, valuing the company at $730 billion, excluding the new funds. The deal is expected to be finalized as early as this weekend.
OpenAI plans to reinvest a significant portion of the newly acquired capital into purchasing NVIDIA hardware, underscoring the strategic partnership between the two tech giants. This investment marks a pivotal moment in OpenAI's growth trajectory, as it continues to expand its capabilities and market presence.
NVIDIA to Finalize $30 Billion Investment in OpenAI
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
