Nvidia is in discussions to invest up to $30 billion in OpenAI as part of a funding round that could value the artificial intelligence startup at a $730 billion pre-money valuation, according to a source familiar with the matter.
The proposed investment is separate from the $100 billion infrastructure agreement the two companies announced in September. The source said the potential $30 billion commitment is not tied to any deployment milestones and remains under discussion. The details are subject to change and the deal has not been finalised.
The earlier infrastructure framework outlined plans for Nvidia to invest in OpenAI over several years as new supercomputing facilities came online. At the time, a source indicated that an initial $10 billion investment would be deployed upon completion of the first gigawatt of computing capacity.
The current $30 billion talks represent a distinct funding effort, though Nvidia could still participate in future rounds aligned with the infrastructure plan.
Nvidia declined to comment on the discussions.
The potential investment follows months of speculation about the status of the $100 billion infrastructure agreement, after reports suggested it had been paused. In November, Nvidia stated in a quarterly filing that there was “no assurance” definitive agreements would be reached regarding the OpenAI opportunity or other potential investments.
OpenAI Chief Executive Sam Altman has publicly downplayed concerns over tensions between the companies, emphasising their ongoing collaboration.
Earlier this month, Nvidia Chief Executive Jensen Huang said during an interview that there was “no question” Nvidia would participate in OpenAI’s next funding round.
OpenAI is reportedly engaging with other strategic investors, including Amazon and Microsoft, as part of a broader fundraising effort that could total around $100 billion. Discussions have accelerated in recent weeks but have not yet been concluded.
If completed at the reported valuation, the round would mark one of the largest private funding events in the technology sector, reinforcing investor appetite for advanced artificial intelligence development and infrastructure expansion.
