"Nvidia is in talks about a possible investment of up to $30 billion in OpenAI. The negotiations are part of a new financing round that could value the AI developer at around $730 billion before new investments. This would make it one of the largest private capital rounds ever in the technology sector. This is according to CNBC. According to insiders, this potential investment is separate from the previously announced collaboration between Nvidia and OpenAI in the field of infrastructure."
"In September, both parties announced that they would be collaborating on a large-scale project reportedly worth $100 billion, focused on the construction and deployment of new supercomputing capacity. The $30 billion currently under discussion would not be linked to specific milestones or the delivery of infrastructure, but would constitute an independent financial participation. The earlier infrastructure agreements provided for a phased investment by Nvidia, spread over several years and linked to the launch of new data centers and computing clusters."
Nvidia is in talks to invest up to $30 billion in OpenAI in a financing round that could value OpenAI at about $730 billion pre-money. The $30 billion would be an independent financial participation, not tied to infrastructure milestones or deliveries. Nvidia and OpenAI previously announced a separate, large-scale infrastructure collaboration reportedly worth $100 billion to build and deploy new supercomputing capacity. Earlier infrastructure agreements provided for phased Nvidia investments linked to launches of new data centers and computing clusters. The talks remain at an early stage with no final agreement, and Nvidia declined to comment. Market reports raised doubts about the infrastructure collaboration, and OpenAI said its relationship with Nvidia is good.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]