Chipmaker Nvidia will invest up to $100bn in OpenAI and provide it with data center chips, a tie-up between two of the highest-profile leaders in the global artificial intelligence (AI) race.

The deal, announced on Monday, will see Nvidia start delivering chips as soon as late 2026 and will involve two separate but intertwined transactions, according to a person close to OpenAI.

The startup will pay Nvidia in cash for chips, and Nvidia will invest in OpenAI for non-controlling shares, the person said.

The first $10bn of Nvidia’s investment in OpenAI, which was most recently valued at $500bn, will begin when the two companies reach a definitive agreement for OpenAI to purchase Nvidia chips.

Nvidia did not respond to immediate requests for clarification about the deal. The pact is among

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