NVIDIA (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Amazon.com (NASDAQ:AMZN) are in talks to invest a total of up to $60 billion in artificial intelligence startup OpenAI, The Information reported on Wednesday, citing a person with knowledge of the matter.
Nvidia is in talks to invest up to $30 billion, The Information reported, while Microsoft and Amazon are also considering multi-billion dollar investments each.
The talks come as OpenAI seeks to raise up to $100 billion to fund its AI and data center ambitions. The funding round will value the ChatGPT maker at about $830 billion.
Reports earlier this week said Japanese tech conglomerate SoftBank Group Corp. (TYO:9984) was in talks to invest up to $30 billion in OpenAI, adding to its $41 billion investment in the startup, which it completed in December.
OpenAI and Softbank have undertaken a $500 billion project– Stargate– to build AI data centers in the United States.




Leave a comment