Chipmaker Nvidia plans to invest up to $100 billion in artificial intelligence firm OpenAI, the companies announced on Monday.
A letter of intent said the partnership will allow OpenAI to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems. The first phase is targeted to come online in the second half of 2026.
"This investment and infrastructure partnership mark the next leap forward – deploying 10 gigawatts to power the next era of intelligence," Nvidia CEO Jensen Huang in a statement.
The companies aim to finalize the details of the new phase in the coming weeks.
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., holds up the company's AI accelerator chips for data centers. (Akio Kon/Bloomberg via Getty Images / Getty Images)
"Everything starts with compute," Sam Altman, CEO of OpenAI said in a statement. "Compute infrastructure will be the basis for the economy of the future, and we will utilize what we're building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale."
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled "Transforming Business through AI" in Tokyo, Japan, on Feb. 3. (Tomohiro Ohsumi/Getty Images / Getty Images)
Nvidia's investment comes days after it committed $5 billion to struggling chipmaker Intel.
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. President Donald Trump said members of his Cabinet would continue discussions with Tan in the coming d (Alex Wroblewski/Bloomberg via Getty Images / Getty Images)
OpenAI and its backer Microsoft also announced earlier this month that they have signed a non-binding deal for new relationship terms that would allow for OpenAI's restructuring into a for-profit company.
Nvidia also backed OpenAI in a $6.6 billion funding round in October 2024. The world's most valuable firm making another sizeable investment in OpenAI could lead to antitrust scrutiny.
Reuters contributed to this report