NVIDIA to invest up to USD100 billion in OpenAI
Digest more
Nvidia shares lost ground in early trading Tuesday after logging their largest one-day percentage gain since July on news the AI Favorite plans to invest up to $100 billion in OpenAI. Monitor these key chart levels.
But Nvidia, in this one recent move, has shown its strength as the central player in the AI market. The company aims to invest as much as $100 billion in Open AI amid a buildout of the lab's data centers. This partnership could become the biggest profit engine in AI history -- and secure Nvidia's AI empire. Let's check it out.
Nvidia on Monday said it will invest as much as $100 billion in OpenAI to help the ChatGPT maker support a massive build-out of data centers equipped with Nvidia’s chips – a deal that some analysts say raises questions about whether Nvidia is investing heavily to prop up the market and keep companies spending on its products.
The $100 billion partnership between dominant AI chipmaker Nvidia and leading artificial intelligence company OpenAI could give both companies an unfair advantage over their competitors, experts say.
Nvidia's tentative deal to invest up to $100 billion in ChatGPT maker OpenAI isn't a form of vendor financing but does shore up the chipmaker's path to $1 trillion in data-center revenue by 2030, an analyst says.
Rarely in life do you get a win-win scenario, but Nvidia seems to have conjured one in its partnership with OpenAI.