Overview
- Talks between Nvidia and OpenAI are described as advanced for an investment of about $20 billion, though no agreement has been finalized.
- OpenAI is seeking up to $100 billion in this round, a target that implies a valuation near $830 billion, according to prior Reuters reporting.
- Microsoft, Amazon, and SoftBank are evaluating sizable commitments, with indications of under $10 billion from Microsoft, more than $10 billion from Amazon that could top $20 billion, and up to $30 billion from SoftBank.
- Nvidia CEO Jensen Huang publicly rejected reports of friction and signaled an enormous commitment, while Sam Altman said Nvidia makes the best AI chips and that OpenAI expects to remain a major customer.
- Chip startup Positron raised $230 million in Series B funding with Qatar Investment Authority participating, highlighting momentum for Nvidia alternatives and sovereign AI infrastructure efforts.