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Exclusive | The $100 Billion Megadeal Between OpenAI and Nvidia Is on Ice
Nvidia’s NVDA -0.72%decrease; red down pointing triangle plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, people familiar with the matter said.
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.
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