Nvidia is preparing one of the largest investments in the history of artificial intelligence, pledging up to $100 billion in funding for OpenAI, the creator of ChatGPT. The deal comes hot on the heels of Nvidia pledging a $5 billion investment into Intel , its one-time rival and former American semiconductor champion.

The companies jointly announced they had signed a letter of intent for a strategic partnership to deploy at least 10 gigawatts of NVIDIA systems for OpenAI’s next-generation AI infrastructure to train and run its next generation of models. Nvidia’s investment will go directly toward building data center and power capacity, the announcement said.

Nvidia’s investment will be progressive and tied to OpenAI’s deployment of each gigawatt of new AI infrastructure, with the f

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