Nvidia plans to invest up to $100 billion in OpenAI to expand its AI capacity and infrastructure. The companies said the funding will help OpenAI build more data centers for ChatGPT and future systems. According to NBC News, the deal aims to improve products and returns over time.
Massive buildout to power ChatGPT growth
OpenAI said the plan includes a 10 gigawatt power buildout for new data centers. That equals the power used by about 8 million homes. The companies did not share a timetable for the expansion.
OpenAI CEO Sam Altman called it a bet on better AI and stronger business performance. He said OpenAI must advance research, make products people want, and solve an unprecedented infrastructure challenge. Nvidia CEO Jensen Huang called it a giant project on CNBC.
ChatGPT scale and market reaction
The companies said the buildout will support ChatGPT, which in August hit 700 million weekly global users. The news pushed stocks to fresh highs that day. Shares in Nvidia climbed more than 3%, equal to about $200 billion in value, according to NBC News.
Nvidia kept its lead as the most valuable public company, now worth nearly $4.5 trillion. The S&P 500 rose more than 0.3% to a new high. The Dow gained about 0.1%, and the Nasdaq rose 0.6%.
Leaders frame next phase of AI
Altman said OpenAI will focus on research and product quality while it builds capacity. He said the goal is to make AI people want to use and to run it at scale. Huang said the project reflects the size of the task ahead.
AI bets continue to shape markets. Investors are leaning into growth stories tied to AI systems. At the same time, the Federal Reserve cut rates last week as job data softened.
Fed Chair Jerome Powell said the labor market is really cooling off. That context did not stop gains on the day of the announcement. The OpenAI and Nvidia plan anchors the next stage of data center growth for AI.
