Nvidia (NVDA.O) 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 (9984.T) and Amazon (AMZN.O) 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.