Nvidia, OpenAI make U-turn on $100 billion deal; Huang-led company to invest $30 billion in ChatGPT maker — Key details

Nvidia is close to finalising a deal worth $30 billion with Sam Altman’s OpenAI in a move to replace the $100 billion long-term commitment that the companies had signed last year as part of a big new funding round for the AI company, Financial Times reported.

Nvidia, led by Jensen Huang, and OpenAI will no more proceed with the multi-year investment plan that they had announced in September last year, according to FT citing people with knowledge of the matter.