Sam Altman and Jensen Huang finalized the OpenAI, Nvidia $100B deal in minutes

Samuel Altman had a flight to ￰0￱ before boarding to Texas, he had to lock in one of the biggest deals in AI ￰1￱ hours before takeoff, Sam and Jensen Huang finalized a $100 billion agreement between OpenAI and Nvidia, a deal that would tie the two most important names in artificial intelligence tighter than ￰2￱ was headed to Abilene, a small city 180 miles west of Dallas, to announce OpenAI’s next phase in AI ￰3￱ wanted Nvidia to be at the center of ￰4￱ two CEOs had already spent time together during President Donald Trump’s recent visit to the U. K., where the president was quietly briefed about the deal in ￰5￱ followed was a blur of virtual calls, private meetings in London, D.

C., and San Francisco, and last-minute changes to ￰6￱ ￰7￱ two power players doing it ￰8￱ and Jensen skip the banks and go all in Jensen called the deal “monumental in size” during an interview with CNBC on ￰9￱ same day, Nvidia’s market value surged by $170 billion, pushing the company near $4.5 trillion in worth. Sam’s OpenAI, now valued at $500 billion, becomes even more dependent on Nvidia’s ￰10￱ plan is to work together to build massive AI data centers. Sam, speaking at Nvidia’s Silicon Valley HQ, said: “You should expect a lot from us in the coming ￰11￱ are three things that OpenAI has to do well: we have to do great AI research, we have to make these products people want to use, and we have to figure out how to do this unprecedented infrastructure challenge.” The structure is simple but ￰12￱ will put in $10 billion at a time, supplying chips as new compute capacity goes ￰13￱ and Jensen plan to do this ten times, $100 billion ￰14￱ chunk is locked at OpenAI’s current $500 billion ￰15￱ rest will track the company’s future ￰16￱ isn’t their first ￰17￱ in 2016, Jensen personally dropped off Nvidia’s DGX supercomputer at OpenAI’s office in San ￰18￱ place is now home to Elon Musk’s ￰19￱ October 2024, Nvidia formally joined OpenAI’s $6.6 billion round that valued it at $157 billion.

A month later, OpenAI execs met SoftBank’s Masayoshi Son in ￰20￱ picked the codename “ Stargate ” to brand the new AI buildout ￰21￱ now includes every major compute deal OpenAI ￰22￱ finds out late, Oracle gets a massive slice This new bond with Nvidia doesn’t mean OpenAI is ditching other partners, but some didn’t get much warning. Microsoft, OpenAI’s biggest investor and cloud provider, was only told one day before the ￰23￱ this year, Microsoft also lost its position as OpenAI’s exclusive compute ￰24￱ there’s ￰25￱ than two weeks ago, Oracle revealed that OpenAI had agreed to spend $300 billion on compute power from them starting in 2027. That’s separate from this Nvidia ￰26￱ , SoftBank, and President Trump also back Stargate, which is now the main label for all of OpenAI’s infrastructure ￰27￱ far, OpenAI has looked at 700 to 800 possible locations for new 10-gigawatt data ￰28￱ across North America have sent in proposals, offering land, power, and ￰29￱ first site is expected to go live late next ￰30￱ exclusive here, OpenAI says Nvidia is a “preferred” partner, not the only one.

They’re still working with other cloud providers and chip ￰31￱ keeps spending while OpenAI eyes new markets This isn’t the only move for ￰32￱ last week, they dropped $5 billion into Intel to co-develop ￰33￱ also spent $700 million on ￰34￱ Nscale, following a similar playbook to what they did with CoreWeave, which went public in ￰35￱ while the OpenAI investment is big, it’s just part of Nvidia’s growing ￰36￱ OpenAI, leasing Nvidia’s chips is only part of the financial ￰37￱ say they’ll avoid giving up more ￰38￱ see debt as the smarter option to fund these giant ￰39￱ all this infrastructure being built, OpenAI may not rely on others for cloud services much ￰40￱ workloads mostly run on Microsoft’s Azure, but that might ￰41￱ execs told CNBC that OpenAI could launch its own commercial cloud offering within two ￰42￱ they’ve got enough compute for themselves, they may flip the switch and start selling it to others ￰43￱ Sam was putting the deal together with Jensen, OpenAI’s infrastructure team was in Tokyo ￰44￱ were meeting with SoftBank to discuss more financing and help with ￰45￱ of OpenAI’s future infrastructure efforts now live under ￰46￱ with Nvidia locked in for at least $100 billion, this might be just the beginning of something even ￰47￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage