Catenaa, Friday, February 20, 2026- Nvidia is close to finalising a $30 billion investment into OpenAI that will replace the long-term $100 billion commitment agreed by the companies last year.
The Financial Times reported that the world’s most valuable company is in the final stages of negotiations with OpenAI, and its investment could be concluded as early as this weekend.
The $30 billion equity investment is part of a larger funding round on track to raise more than $100 billion and will value the ChatGPT maker at $730 billion, excluding the new money, the report said, quoting sources.
OpenAI will reinvest much of its new capital into Nvidia hardware, but the companies will not proceed with the $100 billion multiyear investment partnership they announced in September.
The retreat from the agreement announced to much fanfare in September comes amid investor jitters about the health of the AI sector that have helped drive US tech stocks down 17% since the start of the year.
Last year’s deal, announced as a “letter of intent”, brought together the two companies at the heart of the AI boom and helped propel Nvidia above $5tn in market value a few weeks later.
It accelerated a frenzied period of dealmaking for Sam Altman’s AI start-up, which forged complex deals with rival chipmakers AMD and Broadcom and cloud providers including Oracle.
Although welcomed by stock market investors at the time, the spate of agreements tying together suppliers, customers, and investors in the AI sector prompted concern among some analysts about their circular structure and a growing bubble in the space.
Under the terms of the $100 bilion agreement, Nvidia would have invested ten increments of $10 billion as OpenAI’s demand for computing power grew over several years, in return for a significant stake in the AI start-up.
