Chip giant NVIDIA is close to investing around $20 billion in OpenAI as part of a massive funding round that could raise more than $100 billion, according to reports.
People familiar with the talks say the deal is still being finalised, and terms could change. If completed, it would be NVIDIA’s largest-ever single investment and one of the biggest private funding commitments in tech history.
The NVIDIA investment is expected to be a key part of OpenAI’s latest fundraising, which is being discussed at a valuation that would place the company among the most valuable private firms in the world.
Several large technology groups are said to be exploring participation, as competition intensifies to secure closer ties with leading AI developers.
OpenAI relies heavily on NVIDIA’s GPUs to train and run its AI models, making the partnership both strategic and commercial.
Strategic timing for Nvidia
NVIDIA CEO Jensen Huang has previously said the company plans to continue backing OpenAI’s growth and may also support a future public offering. A large equity stake would further cement Nvidia’s influence at the heart of the global AI ecosystem.
The talks come at a time when Nvidia is benefiting directly from the AI boom, with demand for its chips surging from cloud providers, enterprises, and AI labs racing to scale infrastructure.
While discussions are advanced, sources say that no agreement has been signed yet. The round size, the final valuation, and the list of investors could still evolve in the coming weeks.
If the deal goes through, it would mark a defining moment for OpenAI’s funding journey and underline how deeply Nvidia is willing to bet on the future of artificial intelligence.
