Relationship

NVIDIA invests in OpenAI

NVIDIA invested $30B in OpenAI's funding round finalized in February 2026 (alongside SoftBank); the September 2025 letter of intent for up to $100B tied to 10 GW of NVIDIA systems was not finalized as such.

From

NVIDIA

To

OpenAI

Importance

Critical

Confidence

82/100

Sources (4)

• OpenAI and NVIDIA announce strategic partnership to deploy 10 gigawatts of NVIDIA systems — NVIDIA Newsroom / CNBC, September 22, 2025
• OpenAI finalizes $110B round; SoftBank and NVIDIA each invest $30B — Bloomberg (via Advisor Perspectives), February 28, 2026
• NVIDIA invests $30B in OpenAI's $110B round — Bloomberg via Advisor Perspectives, February 28, 2026
• Nvidia to Invest $30Bn in OpenAI, Previous $100Bn Partnership Plan Scrapped — Outlook Business (citing Reuters/FT), February 20, 2026

History

• 2024-10NVIDIA made its first direct investment in OpenAI as part of a $6.6 billion funding round.
• 2025-09NVIDIA and OpenAI announced a headline $100 billion strategic partnership tied to OpenAI deploying 10 gigawatts of NVIDIA systems, with NVIDIA's first $10 billion tranche contingent on the first gigawatt coming online.
• 2025-12Reports indicated the deal had been quietly scaled back to roughly $30 billion, amid Wall Street scrutiny of "circular" arrangements where NVIDIA invests in a customer that uses the funds to buy NVIDIA's own chips.
• 2026-02Roughly $30 billion in NVIDIA investment was finalized as part of OpenAI's ~$110 billion funding round, though reporting noted that five months after the original announcement, no binding contract had been signed and no funds had changed hands on the broader $100 billion framework.

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