"The first phase of the deal, which Nvidia and OpenAI jointly announced on Monday, will see OpenAI deploying Team Green's Vera Rubin platform in its datacenters starting in H2 2026. To help defray the cost and to own a bigger piece of the AI pie, Nvidia will start buying into OpenAI "progressively as each gigawatt is deployed," the press release explains."
"The announcement has enough wiggle room to drive an AI-powered self-driving semi through - it's a letter of intent for a strategic partnership, which is a non-binding kinda-sorta contract, and the deal calls only for Nvidia to invest "up to" $100 billion for as long as OpenAI keeps buying its chips. If the whole thing sounds a lot like the company whose stock price has benefited most from the AI bubble"
OpenAI signed a letter of intent to buy at least 10 gigawatts of Nvidia systems and will deploy Nvidia's Vera Rubin platform in H2 2026. Nvidia will progressively buy into OpenAI as each gigawatt is deployed and may invest up to $100 billion while OpenAI continues purchasing chips. Nvidia becomes a preferred strategic compute and networking partner, though the arrangement is non-exclusive for OpenAI and non-binding overall. The deal provides compute capacity and potential funding for OpenAI while driving chip demand for Nvidia, producing an immediate roughly 4% bump in Nvidia's stock price.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]