Chipmaker Nvidia plans to invest up to $100 billion in artificial intelligence firm OpenAI, the companies announced on Monday.
A letter of intent said the partnership will allow OpenAI to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems. The first phase is targeted to come online in the second half of 2026.
“This investment and infrastructure partnership mark the next leap forward – deploying 10 gigawatts to power the next era of intelligence,” Nvidia CEO Jensen Huang said in a statement.
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The companies aim to finalize the details of the new phase in the coming weeks.
“Everything starts with compute,” Sam Altman, CEO of OpenAI said in a statement. “Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale.”
Nvidia’s investment comes days after it committed $5 billion to struggling chipmaker Intel.
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OpenAI and its backer Microsoft also announced earlier this month that they have signed a non-binding deal for new relationship terms that would allow for OpenAI’s restructuring into a for-profit company.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | NVIDIA CORP. | 176.67 | +0.43 | +0.24% |
| INTC | INTEL CORP. | 29.58 | -0.99 | -3.24% |
Nvidia also backed OpenAI in a $6.6 billion funding round in October 2024. The world’s most valuable firm making another sizeable investment in OpenAI could lead to antitrust scrutiny.
Reuters contributed to this report
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