Nvidia is nearing a $30 billion deal with OpenAI, led by Sam Altman, to replace a previously announced $100 billion long-term investment plan from September 2025, according to the Financial Times. This new agreement aligns with a larger funding round that could raise $100 billion, potentially elevating OpenAI’s valuation to $830 billion. Nvidia’s investment will primarily focus on stock acquisition, with OpenAI expected to reinvest significantly in Nvidia’s advanced hardware. Despite earlier hesitations, both companies maintain a positive outlook on their partnership. Nvidia’s CEO, Jensen Huang, emphasized that the firm will make substantial investments in OpenAI, countering rumors of strained relations between the two tech giants. The shift in deal structure comes amid a challenging market environment, where investor confidence in the AI sector has diminished, reflecting a 17% decline in US tech stocks this year. Both companies are committed to further collaboration, emphasizing their robust relationship in the AI space.
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