NVIDIA has made a massive $30 billion investment in artificial intelligence company OpenAI, and it could be the last private deal between the two firms before OpenAI enters the public market. NVIDIA CEO Jensen Huang said the investment might be the last time the company puts money into OpenAI before the AI startup launches its expected initial public offering (IPO).
Huang made the comment during the Morgan Stanley Technology, Media, and Telecom Conference on March 4, 2026. He explained that OpenAI’s plans to go public are the main reason Nvidia may stop making large private investments in the company.
The deal highlights the strong partnership between Nvidia and OpenAI. NVIDIA’s powerful graphics processing units (GPUs) play a key role in training and running advanced AI systems. By investing billions of dollars, Nvidia is strengthening its position in the rapidly growing AI industry.
If OpenAI moved ahead with its IPO, it could mark a major turning point for the AI sector. The public listing would open the company to new investors and could reshape competition among leading technology companies working on artificial intelligence.
Restructuring the Deal: Shifting Toward an IPO
Plans for a massive $100 billion investment deal between Nvidia and OpenAI are no longer moving forward, according to Nvidia CEO Jensen Huang. Huang clarified that the $30 billion investment recently finalized serves as the definitive replacement for those earlier, more ambitious proposals, which are no longer in the cards as the company shifts its focus toward a public listing.
The two companies had previously discussed the large investment framework in September 2025. The plan was expected to support the development of a new artificial intelligence supercomputing infrastructure, with Nvidia providing major funding tied to specific deployment milestones.
However, Huang explained that the situation has changed as OpenAI moves faster toward a potential initial public offering (IPO), which could happen by the end of 2026. Because of this shift, Nvidia and OpenAI decided not to move forward with the larger $100 billion framework.
Instead, Nvidia recently finalized a $30 billion investment in OpenAI. Unlike the earlier proposal, this deal is not linked to infrastructure rollout targets, showing a change in how the two companies are structuring their partnership.
Expansion of Computing Power and Vera Rubin Systems
NVIDIA is expanding its technology partnership with OpenAI by providing large amounts of computing power to support the company’s growing artificial intelligence operations. As part of the agreement, OpenAI has secured 3 gigawatts of training capacity on Nvidia’s new Vera Rubin AI systems.
NVIDIA CEO Jensen Huang said the goal is to ensure OpenAI has the computing resources it needs to continue developing and scaling advanced AI models. The capacity will help OpenAI run AI applications more efficiently while also training future generations in its systems.
Huang also noted that Nvidia is working to increase OpenAI’s access to computing infrastructure across major cloud platforms. This includes expanding availability through Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI). The move shows Nvidia’s continued support for OpenAI as the startup prepares for future growth. By strengthening its AI infrastructure and computer access, OpenAI is positioning itself to handle rising demand and expand its technology ahead of a possible public listing.
