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NVIDIA is about to complete its $30 billion investment in OpenAI
GateNewsBot
BlockBeats News, February 20 — According to the Financial Times, Nvidia is about to complete a $30 billion investment in OpenAI to replace the $100 billion long-term investment commitment made by both companies last year. This is part of OpenAI’s new round of large-scale financing. Sources familiar with the matter revealed that negotiations are in the final stages, and the investment could be finalized as early as this weekend.
OpenAI’s new funding round is expected to raise over $100 billion, bringing its valuation to $730 billion, not including the additional funds. It is reported that OpenAI will reinvest most of the incremental funds into purchasing Nvidia hardware.
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