Overview

• The companies signed a letter of intent for a strategic alliance and said they aim to finalize commercial and legal terms in the coming weeks.
• Nvidia would provide next‑generation systems and capital to enable at least 10 gigawatts of OpenAI data‑center capacity, working as a preferred partner to co‑optimize hardware and software.
• The first phase is targeted to be operational in H2 2026 using Nvidia’s Vera Rubin systems, which the firms say will train and run OpenAI’s next generation of models.
• Reporting indicates the structure involves two linked transactions, with OpenAI paying cash for chips while Nvidia invests in exchange for non‑preferred equity.
• Nvidia shares rose roughly 3–4% on the news, adding well over $100 billion in market value during Monday trading.