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Nvidia close to investing $30 billion in OpenAI’s mega funding round: Source

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 Nvidia is close to finalising 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 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. 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.

–Reuters–