Nvidia to back OpenAI project with up to $105 billion

Nvidia is backing the first phase of a major new OpenAI initiative.

OpenAIReported45 sec read

Smartphone calculator on desk with financial charts behind

Aug 17: Nvidia to back OpenAI project with up to $105 billion

Photo: Jakub Żerdzicki · Unsplash

What happened

Nvidia plans to support the initial phase of an OpenAI project. The commitment could reach as much as $105 billion. Bloomberg reported the plan according to people familiar with the matter.

The context

Building frontier AI requires vast amounts of capital and specialized computer chips. Nvidia dominates the AI chip market, while OpenAI leads consumer AI deployment. This massive commitment ties the two companies even closer together.

Sources

Bloomberg.com ↗ via Google News Reported

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