Nvidia plans to invest up to $100B in OpenAI

Group 1 - Nvidia plans to invest up to $100 billion in OpenAI to build massive data centers for AI model training and operation [1] - The companies signed a letter of intent to deploy 10 gigawatts of Nvidia systems, sufficient to power millions of homes, for OpenAI's AI infrastructure [1] - The deal may reduce OpenAI's reliance on Microsoft, its largest investor, as it allows OpenAI to collaborate with other partners for AI infrastructure [2] Group 2 - OpenAI will work with Nvidia as a "preferred strategic compute and networking partner" for its AI factory growth [3] - The specifics of Nvidia's investment payment method remain unclear, whether it will be in chips, cloud credits, cash, or other forms [3] - Nvidia's investment is expected to complement OpenAI's existing partnerships with Microsoft, Oracle, and SoftBank [2]