Nvidia LOI to Invest Up to $100B in OpenAI

Nvidia and OpenAI announced a letter of intent under which Nvidia would invest up to $100 billion to help build at least 10 gigawatts of AI data‑center capacity. The agreement reportedly includes an initial $10 billion tranche and equity for Nvidia and aims to supply millions of GPUs to power future model training and services. Observers say the staged, capital‑intensive plan highlights major electricity and infrastructure challenges to deploying 10 GW of compute. Legal and competition experts have raised antitrust concerns because Nvidia controls a dominant share of high‑end data‑center GPUs, creating risks of preferential treatment. Nvidia has publicly rejected those claims, some analysts say the pact should boost Nvidia’s near‑term financial outlook, and market reaction was mixed as investors and regulators assess the implications.