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Nvidia is nearing a $30 billion investment in OpenAI, highlighting deepening ties between AI chip suppliers and developers amid a $100 billion fundraising round with major tech firms.
Nvidia shares rose on heavy capex from tech giants and OpenAI’s potential $100 billion fundraising, boosting AI-related stocks despite headwinds like chip competition and cost pressures.
OpenAI is considering raising tens of billions of dollars at a valuation near $750 billion, indicating strong investor interest that could benefit Microsoft.
OpenAI CEO Sam Altman is seeking global partnerships in East Asia and the Middle East to expand AI chip production, involving major suppliers, which may benefit Microsoft's AI initiatives.