Feb 3 (Reuters) – Nvidia is nearing a deal to invest $20 billion in OpenAI as part of its latest funding round, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The ChatGPT maker is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters had reported last week.
Big Tech companies such as Amazon and investors such as SoftBank Group Corp are racing to forge partnerships with OpenAI, betting that closer ties with the artificial-intelligence startup would give them a competitive edge in the AI race.
Nvidia’s contribution is nearly complete, but the deal is not final, and the terms could change, the Bloomberg News report added.
Nvidia and OpenAI did not immediately respond to Reuters requests for comment.
In September, Nvidia said it was investing $100 billion in OpenAI and supplying it with data center chips.
The report comes days after the Wall Street Journal said Nvidia’s September plan to invest $100 billion in OpenAI and supply it with data center chips stalled after the chipmaker expressed doubts about the deal.
Huang has denied claims that he was unhappy with the ChatGPT maker and said on Saturday that Nvidia plans to make a “huge” investment into OpenAI, probably its largest ever.
Huang also told CNBC earlier on Tuesday that the company would consider investing in OpenAI’s next fundraising round and the startup’s eventual initial public offering.
(Reporting by Kritika Lamba in Bengaluru and Carlos Méndez in Mexico City; Editing by Rashmi Aich)
Comments