Nvidia Nears $30 Billion OpenAI Funding Agreement After Earlier $100 Billion Pledge

On February 20, 2026, Nvidia was reported to be close to finalizing a $30 billion investment in OpenAI, far below the $100 billion commitment it had made a year earlier. The funding is part of a $100 billion round that could push OpenAI's valuation to $830 billion and make it one of the most highly valued private firms globally. The reduced commitment has unsettled markets, especially as OpenAI is expected to channel much of the new capital back into Nvidia hardware, raising questions over circular financing and long-term sustainability.