Overview

• Nvidia and OpenAI confirmed plans to develop new AI data centers with roughly ten gigawatts of power capacity.
• Reporting indicates the deal will be executed in tranches, including a reported $10 billion first payment once a cooperation agreement is ready, with initial Nvidia systems expected online from late 2026.
• Nvidia shares rose about 4.5% to a record near $185 following the announcement.
• OpenAI’s collaboration with Microsoft remains unchanged, and the company says it will continue developing its own AI chips.
• The investment would make Nvidia one of OpenAI’s largest shareholders, adding to a prior $6.6 billion stake disclosed last year.