Overview
- Nvidia and OpenAI signed a letter of intent for a phased investment of up to $100 billion to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation infrastructure.
- Company materials state the first phase targets the second half of 2026 using Nvidia’s Vera Rubin platform.
- Reporting indicates OpenAI will buy millions of Nvidia processors under the arrangement, with analysts citing lower margins for Nvidia in exchange for long-term demand and financing relief for OpenAI’s projected losses.
- Nvidia and Intel agreed to co-develop chips linking Intel CPUs to Nvidia GPUs via NVLink, with Nvidia taking a $5 billion stake in Intel and both stocks rising on the news.
- Alibaba announced its cloud unit integrated Nvidia’s Physical AI software suite to speed work on robotics, as Chinese regulators moved to curb certain Nvidia chips and domestic firms promoted homegrown alternatives.