Nvidia is preparing a $100 billion investment in OpenAI. Historic in scale, it would mark the largest transaction of its kind ever made in a private company. The agreement reaches far beyond finance. OpenAI will deploy millions of Nvidia processors to build data centers with a capacity of up to 10 gigawatts—comparable to ten nuclear reactors. The first stage alone involves $10 billion to bring the initial gigawatt online, granting the semiconductor giant roughly a 2% stake in OpenAI. With this, Nvidia would secure immense long-term revenues while tightening its hold on the core infrastructure of artificial intelligence, elevating its role from supplier to structural partner.

For OpenAI, the deal ensures privileged access to the computing power required to train its models, while deepening its reliance on a single supplier. The move underscores that the race in AI no longer rests solely on research and scientific ingenuity, but on access to colossal computational capacity—an enterprise akin to modern energy megaprojects and as capital-intensive as heavy industry itself. The outlook suggests that only a handful of corporations with extraordinary resources will be able to compete in this new phase, further cementing the concentration of power around Nvidia and its strategic partners, while raising inevitable questions about technological dependency and global balance of power.