"Chipmaker Nvidia will invest up to $100bn in OpenAI and provide it with data center chips, a tie-up between two of the highest-profile leaders in the global artificial intelligence (AI) race. The deal, announced on Monday, will see Nvidia start delivering chips as soon as late 2026 and will involve two separate but intertwined transactions, according to a person close to OpenAI."
"The first $10bn of Nvidia's investment in OpenAI, which was most recently valued at $500bn, will begin when the two companies reach a definitive agreement for OpenAI to purchase Nvidia chips. Nvidia did not respond to immediate requests for clarification about the deal. The pact is among a spate of agreements between major technology players that includes years of investment in OpenAI from Microsoft and a deal last week between Nvidia and Intel to collaborate on AI chips."
Nvidia will invest up to $100bn in OpenAI and supply data-center chips, with chip deliveries potentially starting in late 2026. The transactions involve OpenAI purchasing chips with cash while Nvidia takes non-controlling equity; an initial $10bn tranche of Nvidia's investment will begin once a definitive chip-purchase agreement is reached. A letter of intent sets a target deployment of at least 10 gigawatts of Nvidia chips for OpenAI infrastructure, with first phase expected in the second half of 2026. Separate technology-industry arrangements include Microsoft’s investments in OpenAI and Nvidia’s recent $5bn commitment to Intel.
Read at www.aljazeera.com
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