this post was submitted on 31 Jan 2026
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116
The $100 Billion Megadeal Between OpenAI and Nvidia Is on Ice (www.wsj.com)
submitted 2 days ago by erlend_sh@lemmy.world to c/technology@lemmy.world
11 comments fedilink hide all child comments
 

Nvidia CEO Jensen Huang has privately played down likelihood original deal will be finalized, although the two companies will continue to have a close collaboration

The companies unveiled the giant agreement last September at Nvidia’s Santa Clara, Calif., headquarters. They announced a memorandum of understanding for Nvidia to build at least 10 gigawatts of computing power for OpenAI, and the chip maker also agreed to invest up to $100 billion to help OpenAI pay for it. As part of the deal, OpenAI agreed to lease the chips from Nvidia. 

At the time, the ChatGPT-maker expected the deal negotiations to be completed in the coming weeks, people familiar with the plans said. But the talks haven’t progressed beyond the early stages, some of the people said.

Now, the two sides are rethinking the future of their partnership, some of the people said. The latest discussions, they said, include an equity investment of tens of billions of dollars as part of OpenAI’s current funding round.

Archived: https://archive.ph/iOuh5

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[–] billwashere@lemmy.world 8 points 2 days ago

So this is like a landlord “investing” in the renter for the renter to pay his rent.