Recommended Free Tools
iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Nvidia did not announce a completed $100 billion investment in OpenAI. In September 2025, it described an intended investment of up to that amount, linked to deployment of at least 10 gigawatts of Nvidia systems. Nvidia’s fiscal 2026 filing later said an agreement was still being finalized and that no transaction was assured. By October 2026, the original proposal had not materialized in its announced form, although the companies had other investment and infrastructure ties.
What Nvidia and OpenAI announced in 2025
On September 22, 2025, Nvidia and OpenAI announced a letter of intent covering deployment of at least 10 gigawatts of Nvidia systems. Nvidia said it “intends to invest up to $100 billion in OpenAI as the new NVIDIA systems are deployed.” Nvidia’s announcement described a proposed investment tied to deployment, not money already transferred to OpenAI.
The distinction matters: “up to” set a ceiling, and deployment was part of the stated plan. The announcement was a letter of intent, rather than evidence that Nvidia had funded OpenAI for the full amount.
Why the original $100 billion plan did not happen as announced
In its Form 10-K for the fiscal year ended January 25, 2026, Nvidia said it was finalizing an investment and partnership agreement with OpenAI. The filing also cautioned: “There is no assurance that we will enter into an investment and partnership agreement with OpenAI or that a transaction will be completed.” Nvidia’s SEC filing therefore showed that the proposed agreement remained uncertain, not that the original investment had closed.
#1 Best Overall
- AI Performance: 767 AI TOPS
- OC mode: 2632 MHz (OC mode)/ 2602 MHz (Default mode)
- Powered by the NVIDIA Blackwell architecture and DLSS 4
- Axial-tech fan design features a smaller fan hub that facilitates longer blades and a barrier ring that increases downward air pressure
- A 2.5-slot design maximizes compatibility and cooling efficiency for superior performance in small chassis
On February 3, 2026, Ars Technica reported that the proposed $100 billion investment had not closed. The article quoted Nvidia CEO Jensen Huang describing the figure as “never a commitment.” That is Huang’s reported characterization of the earlier announcement, not wording from an investment contract. Ars Technica’s report provides the February account.
What the later Ohio arrangements mean
Nvidia’s later disclosures describe infrastructure and credit support involving an Ohio data-center campus, not completion of the original equity proposal. In its Form 10-Q for the quarter ended July 26, 2026, Nvidia described guarantees connected to leases covering approximately 4.25 gigawatts of IT load. The filing gives an aggregate cap of $105 billion, subject to conditions. That figure is a ceiling for specified guarantees—not an equity investment in OpenAI, a cash payment, or the full cost of the campus.
Rank #2
- Powered by the NVIDIA Blackwell architecture and DLSS 4
- Powered by GeForce RTX 5070 Ti
- Integrated with 16GB GDDR7 256bit memory interface
- PCIe 5.0
- WINDFORCE cooling system
The guarantees cover defined portions of lease and power payments, not every obligation or the full site cost. They generally take effect when relevant leases commence and increase as nine data centers enter service, expected to begin in Nvidia fiscal 2029. Nvidia’s exposure declines as OpenAI makes lease payments. The filing also makes the guarantees conditional, including on SB Energy meeting applicable ready-for-service requirements. Nvidia’s July 2026 Form 10-Q sets out the scope and conditions.
Free tools Windows power users keep installed
One-click scans. No signup required.
Nvidia’s August 17, 2026 announcement said SB Energy would build, own, and operate the Ohio data center, which OpenAI would lease for 20 years. Nvidia also said it would invest $1.5 billion in SB Energy. Those are separate arrangements: the lease connects OpenAI to the facility, while Nvidia’s announced investment is in SB Energy. Nvidia’s announcement describes the project.
Rank #3
- Powered by the NVIDIA Blackwell architecture and DLSS 4. System Requirements: Minimum 850W PSU with 16-pin 12V-2x6 (12VHPWR) connector required. Verify before purchasing.
- Military-grade components deliver rock-solid power and longer lifespan for ultimate durability. Compatibility: 348mm (13.7") length, 3.6 slots, 4.3 lbs. Confirm case clearance and slot spacing. GPU bracket included.
- Protective PCB coating helps protect against short circuits caused by moisture, dust, or debris
- 3.6-slot design with massive fin array optimized for airflow from three Axial-tech fans
- Phase-change GPU thermal pad helps ensure optimal thermal performance and longevity, outlasting traditional thermal paste for graphics cards under heavy loads
How the reported $30 billion fits in
On October 2, 2026, Cinco Días reported that Nvidia had committed $30 billion in an OpenAI funding round in February and that the final tranche had been disbursed. This is a later, separately reported funding figure—not evidence that the original deployment-linked proposal of up to $100 billion was completed. The Nvidia filings cited here do not independently confirm that specific equity contribution, so it should be treated as a report rather than a confirmed figure in those filings. Cinco Días’ report is the source for the $30 billion claim.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read the deal’s changing figures
| Arrangement | Type and amount | Status and conditions |
|---|---|---|
| September 2025 plan | Letter of intent; Nvidia intended to invest up to $100 billion as at least 10 gigawatts of its systems were deployed. | Announced intention, not a completed transfer. Nvidia later said an agreement was still being finalized and completion was not assured. |
| Ohio campus guarantees | Conditional guarantees capped at $105 billion in aggregate for specified lease and power payments tied to approximately 4.25 gigawatts of IT load. | Infrastructure-related support, not equity. Guarantees take effect and grow subject to lease commencements and other conditions; exposure declines as OpenAI pays. |
| Ohio campus lease and Nvidia–SB Energy investment | OpenAI lease term of 20 years; Nvidia announced a $1.5 billion investment in SB Energy. | SB Energy is to build, own, and operate the campus. This is distinct from Nvidia investing the same amount in OpenAI. |
| February 2026 OpenAI funding round | $30 billion attributed to Nvidia by Cinco Días. | Reported as committed and disbursed by October 2, 2026; not independently confirmed by the cited Nvidia filings. |
In short, the headline $100 billion proposal did not become a completed investment in the form originally announced. That does not mean Nvidia and OpenAI have no financial relationship: subsequent reporting describes a separate funding contribution, while Nvidia disclosures document conditional infrastructure guarantees and the companies’ Ohio arrangements.
Quick Recap
Best Value
- Powered by the NVIDIA Blackwell architecture and DLSS 4 OC mode: 2640MHz/Default mode: 2610MHz (Boost Clock)
- Military-grade components deliver rock-solid power and longer lifespan for ultimate durability
- Protective PCB coating helps protect against short circuits caused by moisture, dust, or debris
- 3.125-slot design with massive fin array optimized for airflow from three Axial-tech fans
- Phase-change GPU thermal pad helps ensure optimal thermal performance and longevity, outlasting traditional thermal paste for graphics cards under heavy loads
Rank #4
- Powered by the NVIDIA Blackwell architecture and DLSS 4
- Powered by GeForce RTX 5060
- Integrated with 8GB GDDR7 128bit memory interface
- PCIe 5.0
- WINDFORCE cooling system
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
