Nvidia is close to investing about $20 billion in OpenAI, part of a $100 billion funding round valuing the AI startup at roughly $830 billion. Companies like Amazon and SoftBank are also eyeing partnerships with OpenAI to gain an edge in AI. The deal is not finalized yet, with negotiations dragging on for months. Nvidia CEO plans a significant investment in OpenAI and is considering future funding rounds and an IPO. OpenAI has sought alternatives to Nvidia’s AI chips, but CEO Sam Altman praises Nvidia’s technology and hopes for a long-term partnership.

Read more at Yahoo Finance: Nvidia nears deal to invest $20 billion in OpenAI funding round, source says