Nvidia to Invest $30 Billion in OpenAI, Scaling Back Prior $100 Billion Deal

Nvidia is finalizing a $30 billion investment into OpenAI, a shift from the previously agreed-upon $100 billion commitment announced in September 2023. This new equity investment is part of a larger funding round for OpenAI aiming to raise over $100 billion, potentially valuing the ChatGPT maker at $730 billion Financial Times.

Shift in Partnership Dynamics

Although OpenAI will reinvest much of the new capital into Nvidia hardware, the companies are moving away from the extensive multiyear investment partnership initially outlined. This retreat comes amid investor concerns regarding the health of the AI sector, which has contributed to a 17 percent decline in US tech stocks since the start of 2024 Financial Times.

The original agreement, announced as a letter of intent, would have seen Nvidia invest $10 billion increments as OpenAI’s computing power demands grew, in exchange for a significant stake in the AI startup. OpenAI had planned to purchase millions of Nvidia’s AI processors to support up to 10 gigawatts of new computing capacity. Yet, this deal never progressed beyond a memorandum of understanding Financial Times.

Broader Funding Round

In addition to Nvidia’s $30 billion investment, OpenAI is likewise in advanced negotiations with SoftBank for a $30 billion investment and Amazon for up to $50 billion as part of a broader partnership involving the use of OpenAI models Financial Times. MGX, Abu Dhabi’s state-backed tech investment fund and Microsoft are also expected to contribute billions of dollars. OpenAI executives are actively meeting with venture capitalists to secure further investment Financial Times.

Computing Power as a Priority

OpenAI has indicated to investors that it intends to spend approximately $600 billion on computing resources from Nvidia, Amazon, and Microsoft between now and 2030 Financial Times. The company believes that securing access to computing resources is crucial for maintaining a competitive edge and meeting the anticipated demand for AI tools.

Financial Performance

OpenAI’s revenues have surpassed $20 billion on an annualized basis, with revenue growth closely tied to its access to computing power, both roughly tripling each year Financial Times.

Industry Recognition for Nvidia

Stephen Witt’s book, “The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip,” won the 2025 Financial Times and Schroders Business Book of the Year award UNN and Instagram. The book details Nvidia’s evolution from a graphics processor company for video games to a leading producer of AI microchips UNN.

Both Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman have publicly affirmed their strong working relationship Financial Times.