Nvidia to invest $100 billion in OpenAI

Nvidia will invest $100 billion in OpenAI as part of a strategic partnership to build AI data centers.

The news comes after Nvidia recently announced it would invest $5 billion in Intel, lending its support to the long-struggling chipmaker. With the deal, the two companies signaled their intention to develop several generations of data center products.

OpenAI's first investor was Microsoft. The two companies reached a preliminary agreement on September 11 for the next phase of their partnership, signing a non-binding memorandum of understanding and "actively working to finalize the contractual terms of a definitive agreement." "Together, we remain focused on providing the best AI tools for everyone, building on our shared commitment to security." The preliminary agreement follows months of negotiations during which OpenAI sought Microsoft's consent to its reorganization into a for-profit company.