Nvidia will invest up to $100 billion in OpenAI and provide the company with its advanced data center chips, the firms announced Monday.
The massive partnership highlights how two of the biggest players in artificial intelligence are joining forces to strengthen their lead in the fast-moving industry.
The deal gives Nvidia a financial stake in OpenAI, while also securing OpenAI's access to the computing power it needs to maintain its edge.
Analysts say the move could also raise questions about competition, as rivals may find it harder to keep pace.
According to a person familiar with the talks, the agreement involves two linked steps: Nvidia will buy non-voting shares in OpenAI, and OpenAI will use the funds to purchase Nvidia chips.
According to EuroNews, the companies signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems, equal to the energy use of more than 8 million US households.
"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."
Nvidia investing up to $100B in ChatGPT owner OpenAI to create ‘new AI breakthroughs’ https://t.co/mo0Lhcevre pic.twitter.com/gRN5KL2teB
— New York Post (@nypost) September 22, 2025
Nvidia to Deploy Vera Rubin AI Platform in 2026 With $10B Start
The first gigawatt of Nvidia systems is expected to come online in the second half of 2026 through the company's upcoming Vera Rubin platform. Nvidia will begin with an initial $10 billion investment once the agreement is finalized.
News of the partnership boosted Nvidia's stock by as much as 4.4% to a record high, Reuters reported.
Oracle also saw its shares rise about 6% as it works with OpenAI, Microsoft, and SoftBank on "Stargate," a $500 billion project to build global AI data centers.
OpenAI was last valued at $500 billion, and just days ago revealed a tentative agreement that could give Microsoft a $100 billion equity stake.
Both Microsoft and Nvidia are considered passive investors, with OpenAI's nonprofit board maintaining control.
Altman, speaking on CNBC, stressed the scale of the effort. "Building this infrastructure is critical to everything we want to do. Without doing this, we cannot deliver the services people want. We can't keep making better models."
The Nvidia-OpenAI deal arrives as regulators and critics grow more vocal. The Justice Department and Federal Trade Commission have already signaled they may scrutinize the growing concentration of power among Microsoft, OpenAI, and Nvidia.
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