Nvidia reportedly plans to invest $30bn in OpenAI’s next funding round
TL;DR
Chip manufacturer to invest in return for stock after previous ‘circular’ $100bn deal dissolved earlier this month Nvidia, the world’s most valuable company, is reportedly planning to invest $30bn (£22bn) in OpenAI’s next funding round, after a $100bn deal between the two dissolved earlier this month. The maker of ChatGPT is expected to be valued at $730bn in the funding round, nearly twice the valuation of Anthropic, one of its main rivals, which raised $30bn earlier this month. Continue reading...
Nauti's Take
Nvidia sells the shovels and now it's buying into the gold mine too. Investing $30B into your biggest customer sounds like smart vertical integration – or a colossal conflict of interest.
At a $730B valuation, someone's math is going to get very uncomfortable very soon.
Summary
Chip manufacturer to invest in return for stock after previous ‘circular’ $100bn deal dissolved earlier this month Nvidia, the world’s most valuable company, is reportedly planning to invest $30bn (£22bn) in OpenAI’s next funding round, after a $100bn deal between the two dissolved earlier this month. The maker of ChatGPT is expected to be valued at $730bn in the funding round, nearly twice the valuation of Anthropic, one of its main rivals, which raised $30bn earlier this month.
Continue reading...
Sources