Nvidia to invest $100 billion in OpenAI for data centre development

Chipmaker Nvidia plans to invest up to $100 billion in artificial intelligence startup OpenAI under a new agreement, the companies said on Monday.

The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI growth.

The companies unveiled a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of Nvidia chips for OpenAI’s AI infrastructure.

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