London-based AI data center firm Nscale has secured $1.1 billion in Series B funding led by Norway's Aker, with additional backing from Nvidia, Nokia and Dell. The funding will fuel the expansion of Nscale's AI infrastructure across Europe, including data center projects with OpenAI under its Stargate initiative.
With Nvidia's massive planned investment in OpenAI, the chipmaker will get equity in the AI startup and will earn revenue at the same time. OpenAI is leasing Nvidia's graphics processing units, allowing the company to pay for the costly processors over time.
NVIDIA shares continue to find themselves in the headlines thanks to the AI frenzy. But this time, it's because of OpenAI.
Analysts were broadly positive on the news, but many still held on to their estimates.
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Its growing cash pile has to be put to work somehow, and M&A looks off the table.
Nvidia's $100 billion deal with OpenAI followed one-on-one negotiations between the CEOs of the two companies. Terms were finalized during President Trump's U.K. trip before both men headed to California to unveil OpenAI's infrastructure push at Nvidia's headquarters.
Nvidia unveils plans for a $100bn investment in Open A.I. with the two firms partnering on data centres.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) announced on Monday that it will invest up to $100 billion in OpenAI. The two companies said the strategic partnership will enable OpenAI to build and deploy at least 10 gigawatts of artificial intelligence (AI) data centers, with NVIDIA's Graphics Processing Unit (GPUs) powering OpenAI's next-generation AI infrastructure.
Nvidia announced Monday it plans to invest up to $100 billion in OpenAI as part of a deal to build out massive data centers for training and running AI models. The companies say they signed a letter of intent to deploy 10 gigawatts — enough to power millions of homes — worth of Nvidia systems to power OpenAI's next generation of AI infrastructure.
Nvidia will invest $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of dollars in data centers based around Nvidia's AI chips, the companies said on Monday. In this article NVDA
Nvidia (NVDA 0.34%) has seen revenue and earnings surge from fiscal 2020 through fiscal 2025 (the company's fiscal year ends in January).