The money will be provided in stages, with the first US$10 billion coming when the deal is signed, according to people familiar with the matter. Nvidia is making the investment in cash and will receive OpenAI equity as part of the deal, said the people, who asked not to be identified because the talks were private. Further increments will follow when each gigawatt of computing power is deployed.
Nvidia Corp will invest as much as US$100 billion in OpenAI to support new data centres and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.
The companies announced the agreement Monday, saying they’d signed a letter of intent for a strategic deal. The investment is meant to help OpenAI build data centres with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models.
