Core Insights - Nvidia will invest up to $100 billion in OpenAI, providing data center chips, highlighting the collaboration between two leaders in the AI sector [1] - The investment will enable OpenAI to acquire advanced chips necessary to maintain its competitive edge [2] - The deal consists of two transactions: OpenAI will pay Nvidia for chips, while Nvidia will invest in non-controlling shares of OpenAI [3] Investment Details - The initial $10 billion of Nvidia's investment will commence once a definitive agreement is reached for OpenAI to purchase Nvidia systems [3] - OpenAI's most recent valuation stands at $500 billion [3] - Nvidia plans to deliver hardware starting in late 2026, with the first gigawatt of computing power to be deployed on its Vera Rubin platform [4] Strategic Partnership - The companies signed a letter of intent to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure [7][8] - Nvidia's shares increased by up to 4.4%, while Oracle's shares rose nearly 5% following the announcement [8] Future Implications - OpenAI CEO Sam Altman emphasized that compute infrastructure will be foundational for the future economy, aiming to leverage Nvidia's technology for AI advancements [4][10] - Nvidia's investment follows a recent $5 billion commitment to Intel, indicating a broader strategy in the semiconductor space [10] Regulatory Considerations - The significant investment by Nvidia in OpenAI may attract antitrust scrutiny, especially given the dominant positions of these companies in the AI industry [11][13]

Core Insights - Nvidia plans to invest up to $100 billion in OpenAI to enhance AI infrastructure and capabilities [1] - The partnership aims to deploy at least 10 gigawatts of AI data centers using Nvidia systems, with the first phase expected to be operational in the second half of 2026 [1][2] - OpenAI's CEO emphasizes the importance of compute infrastructure for future economic growth and AI advancements [5] Investment and Partnership Details - The investment marks a significant step in the collaboration between Nvidia and OpenAI, focusing on AI data center deployment [1][2] - Nvidia previously supported OpenAI in a $6.6 billion funding round in October 2024, indicating a strong financial backing [9] - The companies are working to finalize the details of this new phase in the coming weeks [3] Strategic Implications - The partnership is expected to drive new AI breakthroughs and empower businesses and individuals at scale [5] - Nvidia's substantial investment could attract antitrust scrutiny due to its size and impact on the AI industry [9]

Just ahead of its Worldwide Developers Conference next month, Apple on Thursday announced new figures related to the U.S. App Store’s financial success. The company says its U.S. App Store ecosystem has generated $406 billion in developer billings and sales in 2024 — a figure that’s nearly tripled in size since 2019, when it then generated $142 billion.Apple also made a point to note that, for 90% of the billings and sales facilitated by the App Store, developers paid no commission. The new figures come f ...