Nvidia and SoftBank close final $20B investment in OpenAI round
· Tech · United States · Japan
Nvidia and SoftBank have each made the final $10 billion investment of their $30 billion pledges to OpenAI's last funding round, according to SoftBank and a person with knowledge of the investments. OpenAI said in March that the round carried $122 billion in commitments.
Why it matters:This finalizes one of the largest private funding rounds, with major tech and investment firms committing capital to OpenAI, shaping the resources available for AI development.
Key points
- Nvidia and SoftBank each pledged $30 billion to the round
- The final tranches were $10 billion each
- OpenAI said in March the round had $122 billion in commitments
Sources (original reporting)
More stories from this day
- US arrests man over $300M Nvidia AI chip smuggling to China
- Musk confirms Terafab in talks with TSMC over Texas chip plant
- OpenAI fires three safety staff as another resigns over broken culture
- Amazon ends data center NDAs but faces fresh backlash
- FedEx orders 2,000 electric box trucks from Harbinger in $300M deal
- US Senate advances bipartisan bill to speed energy project permitting