Podcast Episode
The original September 2025 agreement would have seen Nvidia provide at least 10 gigawatts of computing capacity for OpenAI whilst investing up to $100 billion to finance the initiative. However, reports from the Wall Street Journal indicate the deal stalled after internal concerns emerged within Nvidia.
The restructured deal now sees Nvidia in talks to invest up to $30 billion as part of OpenAI's broader funding round, which seeks to raise $100 billion at an $830 billion valuation.
The funding round is expected to close during the first quarter of 2026, with OpenAI also pursuing investment from sovereign wealth funds including the Abu Dhabi Investment Authority.
Nvidia Commits to 'Huge' OpenAI Investment Despite Scaling Back Original $100 Billion Deal
January 31, 2026
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Nvidia CEO Jensen Huang has confirmed the chipmaker will participate in OpenAI's current funding round, calling it potentially their largest investment ever. However, the commitment will be significantly smaller than the original $100 billion deal announced in September 2025, which has reportedly stalled amid internal concerns.
A Landmark Deal Restructured
Nvidia's ambitious $100 billion investment plan with OpenAI is being dramatically scaled back, though CEO Jensen Huang insists the companies remain strong partners. Speaking to reporters in Taipei on Friday, Huang confirmed Nvidia will "absolutely" participate in OpenAI's current funding round, describing it as potentially the company's largest investment ever.The original September 2025 agreement would have seen Nvidia provide at least 10 gigawatts of computing capacity for OpenAI whilst investing up to $100 billion to finance the initiative. However, reports from the Wall Street Journal indicate the deal stalled after internal concerns emerged within Nvidia.
Behind Closed Doors
Sources suggest Huang privately criticised what he perceived as a lack of discipline in OpenAI's business approach. The CEO also reportedly expressed concerns about intensifying competition OpenAI faces from Google and Anthropic. Despite these reports, Huang dismissed suggestions of unhappiness as "nonsense," praising OpenAI as "one of the most consequential companies of our time."The restructured deal now sees Nvidia in talks to invest up to $30 billion as part of OpenAI's broader funding round, which seeks to raise $100 billion at an $830 billion valuation.
Tech Giants Circle the Opportunity
OpenAI has been courting multiple major backers for what could become one of the largest private funding rounds in history. Amazon is reportedly in advanced discussions to invest as much as $50 billion, with negotiations led directly by CEOs Andy Jassy and Sam Altman. SoftBank is considering around $30 billion, whilst existing backer Microsoft may contribute less than $10 billion on top of its substantial existing stake.The funding round is expected to close during the first quarter of 2026, with OpenAI also pursuing investment from sovereign wealth funds including the Abu Dhabi Investment Authority.
Published January 31, 2026 at 4:15pm
