Nvidia is reportedly negotiating a potential investment of up to $30 billion in OpenAI, according to a source, marking what could become one of the largest single investments in the history of artificial intelligence.
Sources familiar with the discussions say the proposed deal would be part of a broader fundraising round that could value OpenAI at approximately $730 billion before new capital is added. If finalized, the move would further cement Nvidia’s central role in powering the AI revolution.
Separate From the $100 Billion Infrastructure Pact
Importantly, this potential $30 billion commitment would stand apart from the previously announced $100 billion infrastructure collaboration between Nvidia and OpenAI.
Back in September, the two companies unveiled a sweeping plan focused on building next-generation AI supercomputing infrastructure. That framework outlined phased investments tied to the development of massive computing facilities. Under that structure, Nvidia’s capital contributions were expected to roll out gradually as new gigawatt-scale data centers came online. At the time, sources indicated that an initial $10 billion investment would be triggered upon completion of the first gigawatt of computing capacity.
The newly discussed $30 billion deal, however, would not be connected to construction milestones or infrastructure deployment targets. Instead, it would function as a direct equity investment within OpenAI’s broader fundraising effort.
Deal Still in Flux
While the headline figure is eye-catching, insiders caution that the negotiations remain ongoing. Terms are not finalized, and the structure — or even the total amount — could shift before any agreement is signed. The Financial Times was the first to report details of the potential investment.
Nvidia has declined to comment publicly on the matter.
Questions Around the Infrastructure Agreement
The renewed investment talks come amid lingering questions about the status of the previously announced $100 billion infrastructure partnership. In January, the Wall Street Journal reported that the arrangement appeared to be “on ice,” sparking speculation about potential friction between the two AI giants.
In a November earnings filing, Nvidia had already tempered expectations, noting that there was no guarantee it would enter definitive agreements related to its OpenAI opportunity or other possible investments.
Despite the noise, leadership from both companies has publicly projected confidence.
OpenAI CEO Sam Altman addressed speculation directly in a post on X, emphasizing the strong working relationship between the companies and dismissing rumors of discord.
Meanwhile, Nvidia CEO Jensen Huang reinforced that commitment during a recent CNBC interview, stating there was “no question” that Nvidia would participate in OpenAI’s next fundraising round.
A Broader $100 Billion Fundraising Effort
The potential $30 billion investment is expected to form part of a much larger capital raise that could total around $100 billion. According to prior reporting, OpenAI has been accelerating talks with multiple strategic and institutional investors.
Early commitments may come from major technology players, including Amazon, Microsoft, and Nvidia, with additional funding likely to follow from a wider pool of investors in a second phase.
If completed as envisioned, the fundraising round would not only elevate OpenAI’s valuation to historic levels but also deepen ties between the world’s leading AI lab and the chipmaker that supplies much of the hardware powering modern artificial intelligence systems.
For Nvidia, the move would signal more than financial backing — it would represent a strategic bet on the continued expansion of generative AI and large-scale computing infrastructure. For OpenAI, it would provide the capital needed to scale models, expand data centers, and maintain its position at the forefront of the AI race.
While negotiations are still evolving, the discussions alone underscore how high the stakes — and valuations — have become in the global AI arms race.
