Overview

• Nvidia CEO Jensen Huang said OpenAI is likely to become a multi‑trillion‑dollar hyperscaler, framing the bet as a scale‑driven opportunity.
• The companies announced a letter of intent this week to deploy up to 10 GW of GPU data‑center capacity through OpenAI’s preferred cloud partners.
• Nvidia agreed to invest as much as $100 billion as that capacity comes online, marking one of the largest vendor‑led commitments to AI infrastructure reported to date.
• OpenAI recently arranged a $6.5 billion expansion with CoreWeave, a Nvidia‑backed hosting partner, intensifying concerns about capital and hardware concentration across a few firms.
• Reporting highlights unresolved financing at OpenAI, including substantial losses, limited current revenue and a shift toward a for‑profit structure, alongside worries that heavy GPU presales could constrain consumer hardware availability.