Overview
- Reports say the initial tranche would push OpenAI’s valuation to roughly $830–$850 billion on a $730 billion pre-money basis.
- Amazon, SoftBank, Microsoft and Nvidia are lined up for the first phase, with allocations targeted for completion by the end of February and terms still subject to change.
- Nvidia is negotiating an equity investment near $30 billion that would replace a previously outlined $100 billion supply framework, according to multiple reports.
- Much of the new capital is expected to go toward compute, data centers and chip and cloud commitments, with a significant portion directed to Nvidia hardware.
- The raise comes with hyperscalers planning record AI capex and tight memory supply driving costs higher, while some investors warn about heavy spending and long paths to profitability.