Nvidia → OpenAI: $100B investment
Nvidia: up to $100 billion in OpenAI (letter of intent). Letter of intent: Nvidia would have invested up to $100 billion as OpenAI deployed 10 GW of Nvidia systems. Never formalized; in February 2026 replaced by a $30 billion equity investment.
- Date
- Sep 22, 2025
- Paid by
Nvidia- Received by
OpenAI- Type
- Investment
- Amount
- $100B
- Status
- called off
- Note
- up to, in 10 tranches of $10 billion
Sources
Loops that include this flow
All deals between Nvidia and OpenAI
- Sep 22, 2025 Nvidia → OpenAI · Nvidia: up to $100 billion in OpenAI (letter of intent) $100B
- Sep 22, 2025 OpenAI → Nvidia · OpenAI: 10 GW of Nvidia systems n/a
- Feb 27, 2026 Nvidia → OpenAI · Nvidia invests $30 billion in OpenAI $30B
- Feb 27, 2026 OpenAI → Nvidia · OpenAI: 5 GW of capacity on Nvidia Vera Rubin n/a
More Nvidia / OpenAI deals
- Oct 29, 2026 Nvidia guarantees Nscale's debt n/a
- Oct 28, 2026 OpenAI wants to buy Google TPUs n/a
- Oct 27, 2026 Nvidia invests $3 billion in Meta $3B
- Oct 26, 2026 SpaceX: $40 billion of Nvidia chips on debt $40B
- Sep 25, 2026 Nvidia puts $1 billion into Nscale's pre-IPO round $1B
- Sep 11, 2026 Nvidia in talks for $10 billion in Anthropic IPO $10B
- Sep 6, 2026 Korea budgets ₩3.85tn for Nvidia Vera Rubin $2.8B
- Sep 3, 2026 Nvidia buys Hugging Face for $12.9 billion $12.9B
- Aug 26, 2026 Amazon triples: another 2 million Nvidia GPUs n/a
- Aug 20, 2026 Nvidia pays $6 billion for Poolside's technology $6B
- Aug 20, 2026 Nvidia invests $1 billion in Poolside $1B
- Aug 17, 2026 Nvidia invests $1.5 billion in SB Energy and backs OpenAI's Ohio campus $1.5B