Nvidia-OpenAI $100B plan fizzles into non-binding talks
TL;DR Summary
A September 2025 letter of intent for Nvidia to invest up to $100 billion in OpenAI’s AI infrastructure has not materialized; Nvidia’s Jensen Huang says the figure was never a commitment, and Reuters reports OpenAI has been seeking alternatives and citing Nvidia chip speed concerns for inference. OpenAI has since struck deals with Cerebras, Groq, AMD, and Broadcom to diversify compute, while Nvidia emphasizes a large future investment but not at that scale. The news triggered a stock dip for Nvidia and highlighted questions about timing and strategic fit.
- Nvidia’s $100 billion OpenAI deal has seemingly vanished Ars Technica
- Nvidia, OpenAI appear stalled on their mega deal. But the AI giants still need each other CNBC
- What Oracle Has to Lose From OpenAI and Nvidia’s Rocky Relationship The Wall Street Journal
- Nvidia Stock Drops. Why Its $100 Billion OpenAI Investment Is in Question. Barron's
- All the Messy Drama Between OpenAI and Nvidia, Explained Gizmodo
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