Nvidia reportedly plans to invest $30bn in OpenAI’s next funding round

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Nvidia, the world’s most valuable company, is reportedly planning to invest $30bn (£22bn) in OpenAI’s next funding round, after a $100bn deal between the two dissolved earlier this month,The maker of ChatGPT is expected to be valued at $730bn in the funding round, almost twice the valuation of Anthropic, one of its main rivals, which raised $30bn earlier this month,Nvidia’s announcement of a $100bn investment in OpenAI last September drove the chipmaker’s stock to more than $5tn and led to fervent discussion about circular deals between the largest players in artificial intelligence,The investment, which the chipmaker framed as a “letter of intent”, would have involved Nvidia giving OpenAI money to buy and deploy its chips for its AI infrastructure,That all appeared to change earlier this month, when reports surfaced that Nvidia’s intent was never a firm commitment – and OpenAI was looking elsewhere for chips to power its systems.

The news shook markets, which were already febrile over concerns that AI agents would replace jobs and decimate the market for global software companies,In the new arrangement, Nvidia will invest in OpenAI in return for its stock, with no commensurate commitment for OpenAI to buy its chips,OpenAI’s next funding round will reportedly raise about $100bn and involve investments from Amazon, SoftBank and Microsoft, the Financial Times reported,The expected $730bn valuation would put the maker of ChatGPT just behind SpaceX as one of the world’s most valuable privately held companies,However, questions remain over its ability to turn a sustainable profit out of its sky-high investment, especially given that it is burning through cash while losing market share to competitors.

ChatGPT’s market share has declined from 86.7% to 64.5% in the past year, and it is now trailing Anthropic in the market for enterprise software.OpenAI has started to test ads targeted to users of ChatGPT, but it is unclear if this is a clear path to profit – and resulted in Anthropic, its rival, attacking the practice in a series of high-profile advertisements earlier this month.SoftBank, one of OpenAI’s main backers, said on an earnings call last week that “nothing has been decided” on the subject of its anticipated forthcoming investment in OpenAI, although it made billions of dollars last year on its current holdings in the company.

Meanwhile, OpenAI appears to be diversifying beyond Nvidia’s graphics processing units, announcing deals with rival chipmakers including AMD and Broadcom.At least one of those deals also has a question hanging over it, however, after Broadcom’s chief executive, Hock Tan, told investors in December that the company did “not expect much in 2026” over the OpenAI investment.
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Colbert on RFK Jr’s Maha workout video: ‘Senior softcore that feels like dropping acid’

Stephen Colbert was feeling under the weather on Wednesday night but didn’t pull his punches, despite being “on enough steroids to be named the secretary of health and human services”.The host focused on Robert F Kennedy Jr and Maha in his monologue, particularly a surreal workout video that the health secretary released with Kid Rock this week, which Colbert described as “senior softcore”.After playing a clip of the “Rock Out Work Out” video, which featured shark attacks, taxidermized bears and lots of American flags, the host commented: “Why does this make you feel like you dropped acid at a Cracker Barrel?”The Maha clip features RFK Jr and Kid Rock working out together in some unexpected gym apparel. “Working out in tight jeans is not what a sauna is for,” said Colbert. “Saunas are for accidentally seeing your dad’s friend’s penis and never getting it out of your head for the rest of your life

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Colbert on Trump’s Epstein ties: ‘Apparently he does not know the meaning of exonerated’

Stephen Colbert spoke about Donald Trump’s bizarre reaction to more Jeffrey Epstein questions and how Americans are struggling to feel optimism.On the Late Show, the host brought up a new Gallup poll, which shows that Americans are less hopeful than ever, with optimism at a new low.The number has reached into the 50s after previously landing at 69%. “Back then the future looked … nice,” he said.Trump has also seen his approval rating fall to a new second-term low of 36%

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‘He invented a style’: war chronicler Robert Capa refashioned himself and revolutionised photography

It is not often that you get to see a war photographer at work. Certainly not one who more or less defines our idea of the profession as it exists today, is widely considered to be its greatest practitioner and has been dead for more than 70 years.But as part of its new retrospective, the Museum of the Liberation of Paris has produced a short but remarkable candid film of Robert Capa on the job. He is largely unaware he is being filmed and the cameramen mostly do not know they are filming him.The researchers started with the 30 contact sheets – 24 rolls of film, about 500 photographs – the Hungarian-born photographer took on 25 and 26 August 1944, when the French capital was freed from four gruelling years of German occupation

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Australian screen industry crushed as Universal shutters Matchbox Pictures, with 30 jobs lost

Universal International Studios has confirmed it will close Matchbox Pictures after nearly 20 years of operations, effectively terminating one of Australia’s most stable connections to the global market.From the suburban tension of The Slap to the global Netflix dominance of The Survivors, Matchbox served as a sturdy bridge between distinctive Australian storytelling and the glossy boardrooms of Hollywood.Universal’s withdrawal from an on-the-ground presence in Australia came as a shock to the local screen industry, given the Australian company, co-founded by Tony Ayres and Penny Chapman 18 years ago, had delivered the most successful Australian-made TV drama on Netflix for 2025, with The Survivors achieving a global audience of 28 million.Another two Matchbox productions, Safe Harbour and Nowhere Boys, won international Emmys, and the Cate Blanchett co-production Stateless won a record-breaking 13 Australian Academy of Cinema and Television Arts (AACTA) awards from 18 nominations, including best telefeature or miniseries, best screenplay and best direction in television.Sign up for the fun stuff with our rundown of must-reads, pop culture and tips for the weekend, every Saturday morningThe Hollywood studio has removed its permanent overheads – physical offices in Sydney and Melbourne, and a full-time staff of 30 – and moved to a model where it will only invest in a project once it is active

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Javier Bardem and Tilda Swinton among those to condemn Berlinale’s ‘silence’ on Gaza

More than 80 current and former participants of the Berlinale, including Javier Bardem, Tilda Swinton and Adam McKay have signed an open letter condemning the festival’s “silence” on Gaza.It comes after the film festival was swept up in what it called a “media storm” over the alleged sidelining of political discourse at the event.The row was triggered by a remark from the jury president, Wim Wenders, in the opening press conference that film-makers “should stay out of politics” in response to questions related to the Israel-Gaza conflict and the German government’s support for Israel.A backlash, including the withdrawal of Indian author Arundhati Roy from the event, led to festival director, Tricia Tuttle, issuing a statement defending film-makers and actors who were increasingly being pressed on political and societal issues during press conferences.“Artists are free to exercise their right of free speech in whatever way they choose,” Tuttle said

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Colbert on Kristi Noem: ‘Everyone can’t wait to tell a reporter how awful you are’

With Seth Meyers and Jimmy Kimmel off air for the Presidents’ Day holiday, Stephen Colbert focused his monologue on a Kristi Noem scandal and Maha’s new suggested way to enjoy vegetables.On Monday night’s Late Show, Colbert returned after a week off the air to focus on the Wall Street Journal’s recent exposé of Kristi Noem, the US homeland security secretary. The host described the piece as “the kind of article that gets published only if everyone who works for you can’t wait to tell a reporter just how awful you are”.The Journal exposé claims that Noem is jealous of the border czar, Tom Homan, and monitors her media appearances to make sure that she is on TV more than he is. The article also reports that Noem’s relationship with the Trump aide Corey Lewandowski is more than professional, and the pair are in a romantic relationship despite both being married with children