US EditionAltman, Huang and the last-minute negotiations that sealed the $100 billion OpenAI-Nvidia deal
Nvidia will invest $100 billion in multiple $10 billion tranches to support OpenAI's 10-gigawatt AI infrastructure, aiming to become a first-party cloud provider.
- On Monday, OpenAI and Nvidia struck a $100 billion partnership, with OpenAI describing Nvidia as a "preferred" partner and finalizing the deal hours before Sam Altman flew to Abilene.
- Longtime ties between Nvidia and OpenAI date back to 2016, when Jensen Huang delivered a DGX supercomputer, supporting OpenAI’s ambitious Stargate buildout plans.
- The financing structure calls for Nvidia to invest $10 billion at a time in OpenAI, with nine successive $10 billion rounds and the initial $10 billion tranche locked at a $500 billion valuation.
- The deal positions Nvidia and OpenAI as central players, with Jensen Huang calling the investment "monumental in size" and building on last year's $6.6 billion funding round.
- Sam Altman, OpenAI CEO, told CNBC's Jon Fortt `You should expect a lot from us in the coming months` as the first 10-gigawatt site will go online in the back half of next year.
15 Articles
15 Articles
The big challenge to OpenAI's $100 billion deal with Nvidia: Access to power
Sam Altman and Jensen HuangR: Photo by Tomohiro Ohsumi/Getty Images, L: Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty ImagesOpenAI on Monday announced a $100 billion deal with chip giant Nvidia.The deal gives OpenAI many of the ingredients it needs to dominate AI, except one.Access to power remains a challenge for the industry and is slowing data center development.They've got the money and the chips. Now they need the power.Nvidia a…
Will access to AI become a fundamental human right? Sam Altman says ‘Everyone will want…’
OpenAI CEO Sam Altman proposed that access to advanced AI systems may become a fundamental human right in the future. The statement by Altman comes shortly after Nvidia committed to invest up to $100 billion in OpenAI.
The American semiconductor specialist, Nvidia, is about to invest $100 billion in the construction of OpenAI data centres, a manufacturer of Chat GPT. This partnership allows the two giants to make new breakthroughs in artificial intelligence while supporting demand.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium