""Everything starts with compute," OpenAI CEO Sam Altman 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.""
"The deal, which will see Nvidia start delivering chips as soon as late 2026, will involve two separate but intertwined transactions, according to a person close to OpenAI."
"The two companies signed a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure."
"The first $10 billion of Nvidia's investment in OpenAI, which was most recently valued at $500 billion, will begin when the two companies reach a definitive agreement for OpenAI to purchase Nvidia chips"
Nvidia will invest up to $100 billion in OpenAI while supplying data-center chips, with deliveries expected as soon as late 2026. The transactions involve two intertwined components: OpenAI purchasing chips with cash and Nvidia taking non-controlling equity stakes. The initial $10 billion of Nvidia's investment will commence once a definitive chip-purchase agreement is reached. The companies signed a letter of intent to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure, targeting initial deployment in the second half of 2026. The agreement sits alongside other major industry partnerships and recent Nvidia and Intel investments.
Read at Fast Company
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