Chipmaker Nvidia is unlikely to speculate as a lot as $100 billion in synthetic intelligence startup OpenAI, in line with CEO Jensen Huang, who mentioned the chance for such a big fairness funding has narrowed now that OpenAI is transferring nearer to a public itemizing.
“I feel the chance to speculate $100 billion in OpenAI might be not within the playing cards,” Huang mentioned, in line with Bloomberg.
He pointed to OpenAI’s deliberate IPO as a key issue limiting additional massive‑scale non-public investments, noting that when the corporate goes public, the window for Nvidia to take extra minority stakes will successfully shut.
Huang mentioned Nvidia’s earlier infrastructure‑model dedication to OpenAI was conceptually distinct from the fairness spherical simply closed.
NVIDIA’s greatest startup funding to date
Nvidia’s feedback observe its participation in OpenAI’s $110 billion funding round, which closed earlier this 12 months and values the corporate at about $730 billion pre‑cash, in line with OpenAI’s personal announcement and TechCrunch.
In that spherical, Nvidia invested $30 billion, alongside $50 billion from Amazon and $30 billion from SoftBank. The $30 billion participation marks Nvidia’s largest single funding in a startup so far, dwarfing its earlier $10 billion‑scale commitments equivalent to its stake in Anthropic.
Huang explicitly contrasted this $30 billion fairness guess with the sooner $100 billion “infrastructure‑model” settlement from 2025, calling that association a protracted‑time period, capability‑linked framework somewhat than a direct fairness stake of the identical measurement.
Though the 2025‑introduced $100 billion‑model deal generated headlines, the precise $30 billion fairness funding as a part of OpenAI’s $110 billion spherical is what Nvidia now describes as “the final” such main non-public‑market transfer earlier than a list, with Huang saying the chance for something approaching $100 billion in additional fairness is unlikely earlier than the IPO.
