NVIDIA | Page 2

The newly raised capital will primarily fuel OpenAI's leadership in frontier AI research, enhance compute capacity, and drive product development, as stated in the company's blog.

This funding round follows Aarna.ml's previous raise of USD 5.5 million in October 2023, co-led by NVIDIA, LDV Partners, 3Lines, CARAT Venture Partners, and others.

Nvidia experienced a massive USD 279 billion drop in value in a single day

Nvidia shares rose 3.5 per cent to $135.58, lifting its market capitalization by over $110 billion to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company.