Nvidia nears deal for scaled-down investment in OpenAI: Report
The Hindu
Nvidia will be part of OpenAI’s new funding round with an agreement that could be concluded as early as this weekend, according to the Times
Nvidia is on the cusp of investing $30 billion in OpenAI, scaling back a plan to pump $100 billion into the ChatGPT maker, the Financial Times reported Thursday.
The AI-chip powerhouse will be part of OpenAI’s new funding round with an agreement that could be concluded as early as this weekend, according to the Times, which cited unnamed sources close to the matter.
Nvidia declined to comment on the report.
Nvidia chief executive Jensen Huang has insisted that the US tech giant will make a “huge” investment in OpenAI and dismissed as “nonsense” reports that he is unhappy with the generative AI star.
Huang made the remarks late in January after the Wall Street Journal reported that Nvidia’s plan to invest up to $100 billion in OpenAI had been put on ice.
Nvidia announced the plan in September, with the investment helping OpenAI build more infrastructure for next-generation artificial intelligence.
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