Chipmaker Nvidia plans to invest up to $100 billion in artificial intelligence firm OpenAI, the companies announced on Monday.

A letter of intent said the partnership will allow OpenAI to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems. The first phase is targeted to come online in the second half of 2026.

"This investment and infrastructure partnership mark the next leap forward – deploying 10 gigawatts to power the next era of intelligence," Nvidia CEO Jensen Huang said in a statement.

The companies aim to finalize the details of the new phase in the coming weeks.

"Everything starts with compute," Sam Altman, CEO of OpenAI said in a statement. "Compute infrastructure will be the basis for the economy of the future, and we will utilize what we're buil

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