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2026-02-20 08:23:21
[Nvidia to Invest $30 Billion in OpenAI, Replacing $100 Billion Computing Power Partnership] According to the Financial Times, citing sources familiar with the matter, Nvidia is close to reaching a $30 billion equity investment agreement with OpenAI. Negotiations are in their final stages and could be finalized as early as this weekend. This deal is part of a larger funding round for OpenAI, which is expected to exceed $100 billion and value the company at approximately $730 billion (excluding the new funds). OpenAI reportedly plans to reinvest most of the newly raised funds in Nvidia hardware. However, this move means the two companies will abandon the multi-year $100 billion investment partnership announced last September. This long-term commitment was ultimately shelved due to recent investor concerns about the health of the AI industry and a 17% decline in US tech stocks since the beginning of the year.
