Nvidia, AI
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Nvidia is on the cusp of investing $30 billion in OpenAI, scaling back a plan to pump $100 billion into the ChatGPT maker, the Financial Times reported Thursday.
OpenAI nears a $100B+ funding round valuing it at $850B. Amazon, Nvidia, and Microsoft are key backers. An IPO could come by end of 2026.
OpenAI is close to finalizing the first phase of a new funding round expected to raise more than $100 billion, reported Bloomberg, citing people familiar with the matter, in what would mark one of the largest private financings ever and significantly expand the company’s capacity to build artificial intelligence infrastructure.
OpenAI launches GPT-5.3 Codex Spark powered by Cerebras chips, signaling a shift from Nvidia reliance and intensifying the AI infrastructure race.