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Nvidia is close to investing about $30bn in OpenAI that will replace the long-term $100bn commitment the companies agreed to last year. The company is in the final stages of negotiations, and the deal could conclude this weekend, according to sources. OpenAI is in the process of raising over $100bn in a massive funding round, of which the above $30bn investment by Nvidia is a sizeable portion. Under last year’s MoU, Nvidia would have invested in stages tied to OpenAI’s growing computing needs, while OpenAI planned to purchase millions of Nvidia AI chips and build up to 10GW of data-center capacity. That structure has now been abandoned in favor of a simpler arrangement where Nvidia buys a direct equity stake, and OpenAI will still spend a large portion of the proceeds on Nvidia hardware. The revised deal comes at a time when investors have signalled concerns about a potential AI bubble.
Nvidia’s bonds traded stable with its 2.85% 2030s at 95.98, yielding 3.92%
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