In the midst of Nvidia’s (NVDA) widely anticipated earnings results and guidance, the company also confirmed it is “finalizing” its much-bandied-about deal with ChatGPT maker OpenAI (OPENAI).
“We are finalizing an investment and partnership agreement with OpenAI,” the company said in its 10-K filing. “There is no assurance that we will enter into an investment and partnership agreement with OpenAI or that a transaction will be completed.”
OpenAI did not immediately respond to a request for comment from Seeking Alpha.
In September, Nvidia said it would invest up to $100B in the Microsoft (MSFT)-backed company to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems. However, Nvidia CEO Jensen Huang recently said the $100B pledge was never a “commitment,” and recent media reports have suggested Nvidia would abandon that level of investment and instead put around $30B into OpenAI.
Huang said in January that Nvidia would “absolutely” be involved in OpenAI’s current funding round, and its contribution could potentially be the largest investment the company has ever made. “We will definitely participate in the next round of financing, because it’s such a good investment,” Huang told reporters in Taipei last month. “It’s a great pleasure.”
A number of other tech companies, including Amazon (AMZN), are in talks to invest in OpenAI’s latest funding round. The new funding round could value the generative artificial intelligence company at approximately $800B.