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NVIDIA is close to finalizing a $30 billion equity investment in OpenAI, replacing an unfinished $100 billion long-term commitment announced in September 2025. The new deal will form part of a broader funding round that aims to raise more than $100 billion for the artificial intelligence company.
If completed, the round would value the ChatGPT developer at about $830 billion, according to earlier reporting on the fundraising plan.
People familiar with the matter said the agreement could be concluded as early as this weekend. NVIDIA has not issued an official statement on the revised structure. OpenAI has also not commented publicly on the change from the earlier framework.
The new arrangement centers on a direct $30 billion equity investment by NVIDIA in exchange for OpenAI stock. This structure replaces a multi-year plan that outlined up to $100 billion in staged investments. Under that earlier proposal, NVIDIA would have invested $10 billion at a time as OpenAI expanded its computing needs.
The previous framework tied Nvidia’s capital commitments to OpenAI’s plan to deploy up to 10 gigawatts of new computing capacity. In return, OpenAI intended to purchase millions of NVIDIA AI processors over several years. However, the agreement remained a letter of intent and never progressed to a binding contract.
In January, reports indicated that the $100 billion plan had stalled. The companies did not formalize the memorandum of understanding into a definitive deal. The revised structure now simplifies the relationship into a straightforward equity investment within a larger capital raise.
The $30 billion investment will form part of a funding round that seeks to raise more than $100 billion in total. Excluding the fresh capital, OpenAI valuation would stand at approximately $730 billion. Including the new funds, the valuation would reach about $830 billion, based on earlier fundraising details.
Also Read: OpenAI Raises $6.6 Billion in Fresh Funding from Microsoft and Nvidia
OpenAI plans to reinvest a substantial portion of the new capital into NVIDIA hardware. The AI developer relies heavily on Nvidia’s advanced chips to train and run large language models, including ChatGPT. This spending supports the expansion of data centers and computing infrastructure.
The funding round ranks among the largest private capital raises in technology. It reflects sustained investor interest in artificial intelligence despite recent market volatility. Since the start of the year, US technology stocks have declined by around 17%, driven partly by concerns about AI valuations and sector concentration.
Industry observers have noted that earlier complex agreements in the AI ecosystem raised questions about circular financial structures. Model developers, chip suppliers, and cloud providers often held stakes in one another while serving as customers. The revised Nvidia-OpenAI deal reduces that complexity by focusing on direct equity participation.
Sam Altman, OpenAI’s chief executive, recently stated on social media that the company values its relationship with the chip-making giant and expects to remain a major customer. Sam Altman said, “We love working with NVIDIA, and they make the best AI chips in the world,” in an X post.
NVIDIA chief executive Jensen Huang has also described the company’s planned investment in OpenAI as substantial. Both executives have publicly dismissed suggestions of strained relations.
