Nvidia (NASDAQ:NVDA) is reportedly on the verge of committing about $20 billion to OpenAI as part of the artificial intelligence developer’s current fundraising effort, according to people familiar with the matter cited by Bloomberg News on Tuesday. The reported stake would represent the largest single investment Nvidia has ever made if it is completed.
Sources said the agreement is close to being finalised but emphasised that it has not yet closed and that terms remain subject to change. The characterisation of the arrangement as "nearing completion" suggests that while a consensus may have been reached on headline terms, legal and commercial details could still be adjusted prior to any formal announcement.
OpenAI is seeking to raise as much as $100 billion in fresh funding in this round, with a substantial portion of that total expected to come from large technology companies. Discussions reported elsewhere in the funding process include Amazon.com Inc (NASDAQ:AMZN) exploring an investment possibility of up to $50 billion and SoftBank Group Corp. (TYO:9984) engaging in talks that could reach as much as $30 billion. The Financial Times has previously reported that Nvidia might invest up to $20 billion.
The growing financial relationship between Nvidia and OpenAI has attracted scrutiny amid media accounts of internal debate at the chipmaker over the size of its prospective commitment. That scrutiny reflects the significance of a large equity stake in a leading AI developer for a major chip supplier and the attendant corporate governance and strategic questions it can raise.
Over the weekend Nvidia CEO Jensen Huang said the company plans to participate in OpenAI’s next financing round, describing the planned involvement as potentially the largest investment Nvidia has ever made. That public statement aligns with the reports of a multi-billion dollar participation but does not confirm the final terms.
Because the reported $20 billion figure, the broader $100 billion fundraising target, and the other companies’ potential commitments are all described as part of ongoing discussions, each element remains conditional on final agreements. Observers should therefore treat the numbers as indications of the scale of interest rather than concluded transactions.