Summary
Nvidia plans to invest up to $100 billion in OpenAI and will supply data center chips to the company. This deal is part of the ongoing competition in the artificial intelligence industry. The chips are expected to be delivered starting in late 2026.
Key Facts
- Nvidia will invest up to $100 billion in OpenAI.
- The deal involves Nvidia providing data center chips to OpenAI.
- Deliveries of the chips are set to start in late 2026.
- OpenAI will pay Nvidia in cash for the chips.
- Nvidia will acquire non-controlling shares in OpenAI.
- The first $10 billion of Nvidia’s investment will begin once a definitive agreement is reached.
- Nvidia has previously invested in OpenAI and continues its collaboration with other tech companies like Intel.
- Nvidia's stock increased by over 3.9% following the announcement.
