Nvidia says there's 'no assurance' of final agreement with OpenAI despite $100 billion pact

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Two months ago Nvidia

CEO Jensen Huang and OpenAI CEO Sam Altman stood side by side in San Jose, California, to announce a historic agreement between the two leaders in artificial intelligence.

Nvidia would invest $100 billion over a number of years, starting in 2026, as OpenAI’s AI supercomputing facilities come online, the duo said. The timing of the buildouts and the cost of each data center weren’t disclosed.

But in Nvidia’s quarterly financial report on Wednesday, the chipmaker reminded investors that there’s a big difference between an announcement and a contract.