Nvidia(US:NVDA) 美股研究社·2025-09-30 12:06Core Viewpoint - The article discusses the strategic partnership between NVIDIA and OpenAI, highlighting NVIDIA's commitment to invest $100 billion in AI infrastructure, marking a significant milestone in the AI sector [4][12]. Group 1: Partnership Details - NVIDIA and OpenAI aim to build a massive AI data center with a power capacity of 10 gigawatts, requiring millions of GPUs [6][7]. - This project is described as the largest infrastructure project in AI history, with the first phase expected to be completed in the second half of 2026 [7][9]. - The Vera Rubin platform, developed by NVIDIA, will play a crucial role in this project, integrating advanced CPU and GPU technologies to enhance AI processing capabilities [8][9]. Group 2: Market Context - The $100 billion investment is part of a broader trend in the AI industry, with similar investment figures appearing multiple times in recent agreements among major players like OpenAI, Oracle, and Google [12][13]. - The article raises questions about the sustainability of such high valuations in the AI sector, suggesting that the current growth may be driven by high expenditures rather than solid revenue foundations [15][17]. Group 3: Financial Implications - OpenAI's annual recurring revenue (ARR) has reached $10 billion, nearly doubling from $5.5 billion the previous year, but its operational costs are also rising sharply, projected to reach $8 billion in 2025 [15][17]. - The competition for talent in the AI field has led to increased salaries for engineers, with average annual salaries now ranging from $800,000 to $1 million [16][17].