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OpenAI Signs Major Chip Deals
OpenAI has secured agreements with Nvidia, AMD, and Broadcom to deploy a total of 26 gigawatts of chips starting in the second half of 2024. Nvidia will invest up to $100 billion, while AMD’s deal includes a warrant for 160 million shares, allowing OpenAI to potentially acquire 10% of the company. Financial terms for the Broadcom partnership were not disclosed.
Nvidia will provide 10 gigawatts of systems as it supports OpenAI’s extensive compute power needs, highlighted by CEO Jensen Huang’s prediction that AI infrastructure spending could reach $4 trillion by 2030. The current demand for AI chips has already seen significant revenue growth across Nvidia, AMD, and Broadcom.
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