Nvidia poised to back OpenAI in $100 bln raise

Anabelle Colaco
22 Feb 2026, 20:03 GMT+10

Nvidia is close to finalizing a US$30 billion investment in OpenAI as part of the artificial intelligence company’s massive new fundraising round
The deal would see the chipmaker take a stake in one of its largest customers and form part of a capital raise in which OpenAI is seeking more than US$100 billion
The round would value the ChatGPT maker at about $830 billion, making it one of the largest private fundraising efforts on record

SANTA CLARA, California: Nvidia is close to finalizing a US$30 billion investment in OpenAI as part of the artificial intelligence company's massive new fundraising round, a person familiar with the matter said.

The deal would see the chipmaker take a stake in one of its largest customers and form part of a capital raise in which OpenAI is seeking more than US$100 billion. The round would value the ChatGPT maker at about $830 billion, making it one of the largest private fundraising efforts on record, the person said.

SoftBank Group and Amazon are also expected to participate, Reuters has previously reported.

The investment underscores the increasingly intertwined relationships among major technology firms competing to develop advanced AI systems, as chipmakers, cloud providers, and model developers deepen financial and strategic partnerships.

According to the Financial Times, the proposed investment would replace a commitment announced in September under which Nvidia had pledged up to $100 billion to support OpenAI's use of its chips in data centers.

Nvidia declined to comment.

The company had initially planned to invest $10 billion once a definitive agreement was reached for OpenAI to purchase Nvidia systems, Reuters reported in September. However, the agreement took much longer than anticipated, the person said.

Much of the fresh capital OpenAI raises is expected to be used to buy Nvidia's chips, which power the training and deployment of its AI models, the person added, speaking on condition of anonymity because they were not authorized to discuss the matter publicly.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Middle East Star.

More Information

International Business

Section

Nvidia poised to back OpenAI in $100 bln raise

SANTA CLARA, California: Nvidia is close to finalizing a US$30 billion investment in OpenAI as part of the artificial intelligence...

Supreme Court rules 6-3, Trump exceeded authority with global tariffs

WASHINGTON DC — In a landmark 6-3 decision, the U.S. Supreme Court on Friday struck down President Donald Trump's sweeping global tariffs,...

"Captivated," Chinese Envoy to India says on his Jaipur visit

Jaipur (Rajasthan) [India], February 21 (ANI): Chinese Ambassador to India, Xu Feihong, visited the pink city Jaipur and said he was...

Egypt Central Bank's net international reserve reached $52.6 billion in January 2026

CAIRO, 21st February, 2026 (WAM) -- Egyptian President Abdel Fattah El-Sisi met with Governor of the Central Bank of Egypt Hassan Abdalla....

Traditional culture shines as festive travel surges during Spring Festival holiday

BEIJING, Feb. 21 (Xinhua) -- More than halfway through China's nine-day Spring Festival holiday, which began on Feb. 15, travel enthusiasm...

Microsoft launches AI skilling programme for 2 million Indian teachers, 200,000 institutions by 2030

New Delhi [India], February 21 (ANI): Microsoft has announced the launch of Microsoft Elevate for Educators in India, an initiative...

International

Section