New Delhi, Feb. 20 -- Nvidia is close to finalising a deal worth $30 billion with Sam Altman's OpenAI in a move to replace the $100 billion long-term commitment that the companies had signed last year as part of a big new funding round for the AI company, Financial Times reported.

Nvidia, led by Jensen Huang, and OpenAI will no more proceed with the multi-year investment plan that they had announced in September last year, according to FT citing people with knowledge of the matter.

Here are key things you need to know about the new Nvidia-OpenAI deal.

The deal between OpenAI and Nvidia, which would be part of a new funding round for the artificial intelligence start-up, could be finalised as early as this weekend, according to the FT r...