Nvidia, the world’s most valuable company, is reportedly planning to invest $30 billion (£22 billion) in OpenAI’s next funding round, after a $100 billion deal between the two fell through earlier this month.
The maker of ChatGPIT is expected to be valued at $730 billion in the funding round, almost double the valuation of one of its main rivals, Anthropic, which raised $30 billion earlier this month.
Nvidia’s announcement of a $100 billion investment in OpenAI last September sent the chipmaker’s stock soaring above $5 trillion and sparked excited talk about circular deals among the biggest players in artificial intelligence.
investment, which chip manufacturer framed As for the “letter of intent”, this would involve Nvidia giving money to OpenAI to purchase and deploy chips for its AI infrastructure.
That all appeared to change earlier this month, when reports emerged that Nvidia never intended to make a firm commitment – and that OpenAI was looking elsewhere for chips to power its systems. The news rocked markets, which were already reeling from concerns that AI agents would replace jobs and destroy the market for global software companies.
In the new arrangement, Nvidia will invest in OpenAI in exchange for its stock, with no commitment for OpenAI to buy its chips.
OpenAI’s next funding round will reportedly raise around $100 billion investment The Financial Times reported that from Amazon, SoftBank and Microsoft. The expected $730 billion valuation would put ChatGPT’s creator as one of the world’s most valuable privately held companies, just behind SpaceX.
However, questions remain over its ability to turn sustainable profits from its overinvestment, especially given that it has been bleeding cash while losing market share to competitors. ChatGPT’s market share has declined from 86.7% to 64.5% last year, and is now follower Anthropic in the enterprise software market.
OpenAI has started testing Advertisement Chat is targeted at GPT’s users, but it’s not clear whether it’s a clear path to profit – and as a result Anthropic, its rival, attacked the practice in a series of high-profile ads earlier this month.
SoftBank, one of OpenAI’s main backers, said on an earnings call last week that “nothing has been decided” on the subject of its anticipated upcoming investment in OpenAI, although it billions of dollars last year on its existing stake in the company.
Meanwhile, OpenAI is diversifying beyond Nvidia’s graphics processing units, announcing deals with rival chip makers Involved amd and broadcom.
However, at least one of those deals is also in question after Broadcom’s chief executive, Hock Tan, stepped down. told In December investors said the company “did not have much hope in 2026” on the OpenAI investment.
