Nvidia Anchors OpenAI’s $100 Billion Round With a $30 Billion Commitment

One of the clearest signals yet that OpenAI’s mega-funding round is becoming a reality: Nvidia, the world’s most valuable chip company, is reportedly planning to commit $30 billion in equity — no chip strings, no conditional commitments. The investment anchors a round expected to total $100 billion and value OpenAI at $730 billion.
The roster of investors reflects the degree to which OpenAI has become a strategic asset for the entire technology industry. Amazon, SoftBank, Microsoft, and now Nvidia are all reported participants, each with strong reasons to maintain close financial ties to the world’s most recognizable AI company. Together, they represent a coalition of capital that will be difficult for competitors to match.
The road to this investment has been anything but straightforward. Nvidia’s earlier $100 billion deal — announced in September with enormous publicity — was built on chip purchase commitments that effectively made it circular. Nvidia would fund OpenAI; OpenAI would buy Nvidia chips; the money would cycle back. Critics were quick to note the logical problem, and when it emerged this month that the deal was never binding, the arrangement dissolved quietly.
OpenAI has since made its hardware diversification strategy explicit, announcing partnerships with AMD and Broadcom. That development — combined with the collapse of the original Nvidia deal — might have been expected to damage the relationship between the two companies. Instead, Nvidia is committing $30 billion in clean equity, suggesting that the strategic value of being a major OpenAI shareholder outweighs any concerns about chip exclusivity.
The business realities facing OpenAI are challenging. ChatGPT’s share of the AI assistant market has declined significantly over the past year, and the company is trailing Anthropic in enterprise software — the segment that tends to generate the most durable revenue. Cash burn is high, advertising is controversial, and key investors are still hedging publicly. Nvidia’s $30 billion bet is a striking act of confidence in a company facing significant headwinds.