US EditionNvidia nears deal to invest $20 billion in OpenAI funding round: Reuters
Nvidia's nearly $20 billion investment would be its largest in OpenAI, supporting the startup's $100 billion funding target to fuel AI growth and future plans.
- On Feb 3 , Nvidia is nearing a deal to invest US$20 billion in OpenAI, with sources saying the contribution is close to completion though not final.
- OpenAI is seeking up to US$100 billion in new financing, with much expected from large technology companies including Amazon.com and SoftBank Group, while a September plan had stalled after internal doubts, The Wall Street Journal reported.
- On Jan 31, Jensen Huang told reporters he would participate in the next round and said it could be Nvidia’s largest investment, adding on Tuesday that plans remained on track.
- The deal, if completed, sits amid interest from other major tech investors as Amazon.com has discussed investing up to US$50 billion and SoftBank Group up to US$30 billion, while the chief executives of Nvidia and OpenAI have publicly signalled ongoing commitment.
- Recent reports have put the Nvidia–OpenAI relationship under new scrutiny as OpenAI has been reported unsatisfied with Nvidia’s latest artificial-intelligence chips and sought alternatives since last year.
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Jensen Huang says Nvidia would love to back an OpenAI IPO, and there's 'no drama' with Sam Altman
Jensen Huang said Nvidia would love to invest in a future OpenAI IPO, and that there's "no drama" with Sam Altman.Fabrice COFFRINI / AFP via Getty ImagesInvesting in a future OpenAI IPO sounds great to Jensen Huang."We love to be participating in that," said the Nvidia CEO in an interview on Tuesday.Huang also dismissed recent tension and said there's "no drama" between the two companies.Jensen Huang says Nvidia would love to invest in a future …
Nvidia Reportedly Nears Record $20 Billion OpenAI Investment As Jensen Huang And Sam Altman Deny Reports Of Strained Partnership - Amazon.com (NASDAQ:AMZN), NVIDIA (NASDAQ:NVDA)
Nvidia is reportedly nearing a record $20 billion investment in OpenAI as part of a massive funding round, even as both companies dismiss reports of partnership strain and concerns over Nvidia's latest AI chips.
Nvidia CEO Jensen Huang denied tensions with OpenAI this Tuesday and assured that the chip maker's plans to invest in that company "are still underway."
Times of India
The Economic TimesNvidia OpenAI-Chatgpt IPO push: Jensen Huang-led AI giant eyeing big Initial Public Offering options
Nvidia CEO Jensen Huang has revealed the company's plans to invest in OpenAI remained on track following recent reports that the deal had been stalled.
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