Nvidia Swaps $100B OpenAI Deal for Clean $30B Equity Check

Nvidia is about to write one of the biggest checks in tech history. The chipmaker is close to finalizing a $30 billion equity investment into OpenAI, according to the Financial Times.

The deal replaces a far more complex $100 billion long-term commitment the two companies agreed to last year. Instead of that convoluted framework, Nvidia is opting for something simpler — a massive, straight-up equity stake in the AI startup.

It's a significant strategic shift. Nvidia goes from an elaborate multi-year arrangement to a clean ownership position in arguably the most influential AI company on the planet. At $30 billion, this ranks among the largest single equity investments ever made in a private company.

For OpenAI, it locks in serious capital from its most critical hardware supplier. For Nvidia, it's a direct bet on the AI boom it helped create.