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Nvidia and OpenAI Deal Overview
Nvidia has entered into a letter of intent to supply OpenAI with up to 10 gigawatts of computing infrastructure to support the development of advanced AI models on September 22, 2023. This significant agreement strengthens Nvidia’s position in the GPU market, even amidst increasing competition from companies like AMD and custom silicon manufacturers.
The collaboration is expected to generate substantial revenue for Nvidia, which could reach nearly $40 billion annually if it captures 30% of OpenAI’s projected annual recurring revenue of $125 billion by 2029. Wall Street anticipates Nvidia’s revenues could hit $320 billion by 2027, and speculations suggest this growth could propel its market cap towards $10 trillion by 2030.
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