LONDON (ShareCast) - (Sharecast News) - US chipmaking giant Nvidia said it was investing up to $100bn in ChatGPT creator OpenAI and provide it with data center chips, the two companies said late on Monday.
A letter of intent signed by the companies stated the first gigawatt of Nvidia systems will be deployed in the second half of 2026. Nvidia will deploy at least 10 gigawatts of chips for OpenAI's artificial intelligence infrastructure.

The announcement comes after Nvidia agreed to pump $5bn into chipmaker Intel and a unveiled a £2bn investment in the UK's AI sector.

"Compute infrastructure will be the basis for the economy of the future, and we will utilize what we're building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale," said OpenAI chief executive Sam Altman in a statement.

"Building this infrastructure is critical to everything we want to do," Altman later told CNBC. "Without doing this, we cannot deliver the services people want. We can't keep making better models."

The AI market has become the subject of fierce competition with China's DeepSeek spending just $294,000 training its R1 model.

Nvidia has come under pressure from both the Chinese and the US governments. Beijing last week accused it of violating its anti-monopoly laws and also reportedly ordered its top technology companies to halt purchases of the firm's AI chips.

Meanwhile, Nvidia and rival AMD agreed to pay the US government 15% of Chinese revenues to secure export licences to China to avoid a ban on AI chip sales to the country.

Reporting by Frank Prenesti for Sharecast.com

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