Nvidia close to investing $30 billion

Nvidia is close to finalizing a $30 billion investment in OpenAI, as ​the chipmaker moves to take a stake in one ​of its largest ⁠customers, a person familiar with the matter said. The investment is part of ​a fundraising round ‌in which OpenAI is seeking more than $100 billion, the person said. That would value the ChatGPT ​maker at about $830 billion and amount to one of the largest private capital raises on record. SoftBank Group and Amazon are ‌also ‌likely to participate in the ​round, Reuters previously reported. The investment would highlight increasingly intertwined relationships among major technology companies racing to build advanced AI systems, as chip suppliers, cloud ​providers and model developers deepen financial and strategic ties. It would replace a commitment announced in September under which Nvidia would invest ​up to $100 billion to support OpenAI's use of its chips in data centers, the Financial Times reported on Thursday. Nvidia declined to comment when c

ontacted by Reuters. The chipmaker had planned to invest an ‌initial $10 billion once the two sides reached a definitive agreement for OpenAI to purchase Nvidia systems, Reuters reported in September. The ⁠agreement ended up ​taking much longer than both parties expected, the person said on Thursday. OpenAI is set to use much of the fresh capital to ⁠purchase Nvidia's chips, ⁠which power the training ⁠and deployment of its artificial intelligence models, the person said, declining to be identified as they were not authorized to speak publicly on ⁠the matter.