Overview

• Nvidia and OpenAI announced a letter of intent for an investment of up to $100 billion to fund AI data centers totaling 10 gigawatts for OpenAI.
• The first facilities are slated to come online in the second half of 2026 using Nvidia’s next‑generation Vera Rubin superchip and millions of GPUs.
• Specific legal terms, timing details, and operational arrangements were not disclosed, with both companies saying they expect to finalize the agreement in the coming weeks.
• People familiar with the talks say funding would be staged, with an initial $10 billion released after the first 1 gigawatt is deployed, and that Nvidia would take an equity stake in OpenAI.
• The scale aims to meet surging demand from products like ChatGPT, reported at roughly 700 million weekly users, and Nvidia shares rose about 4% after the announcement.