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NVIDIA is about to complete its $30 billion investment in OpenAI
BlockBeats News, February 20th, according to the Financial Times, NVIDIA is about to complete a $30 billion investment in OpenAI to replace the $100 billion long-term investment commitment the two companies reached last year, as part of OpenAI's latest large-scale financing round. Insiders revealed that the negotiations have entered the final stage, and the investment could be completed as early as this weekend.
OpenAI's new round of financing is expected to raise over $100 billion, bringing its valuation to $730 billion, not including the new funds from this investment. It is reported that OpenAI will reinvest most of the incremental funds in purchasing NVIDIA hardware.
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