NVIDIA Nears Deal For Scaled-down Investment In OpenAI
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Nvidia stock was falling on Thursday but a report about OpenAI's fundraising plans could provide cause for optimism.
OpenAI nears a $100B+ funding round valuing it at $850B. Amazon, Nvidia, and Microsoft are key backers. An IPO could come by end of 2026.
OpenAI has spent the past year systematically reducing its dependence on Nvidia. The company signed a massive multi-year deal with AMD in October 2025, struck a $38 billion cloud computing agreement with Amazon in November, and has been designing its own custom AI chip for eventual fabrication by TSMC.
OpenAI is close to finalizing the first phase of a new funding round expected to raise more than $100 billion, reported Bloomberg, citing people familiar with the matter, in what would mark one of the largest private financings ever and significantly expand the company’s capacity to build artificial intelligence infrastructure.
OpenAI launches GPT-5.3 Codex Spark powered by Cerebras chips, signaling a shift from Nvidia reliance and intensifying the AI infrastructure race.