Nvidia’s NVDA-Q agreement with ChatGPT parent OpenAI to invest up to US$100-billion in the startup is still not finalized, the chipmaker’s chief financial officer Colette Kress said on Tuesday, at the UBS Global Technology and AI Conference in Arizona.

Kress’ comments add to intensifying discussion around a partnership that ties two of the most significant players in the artificial intelligence race and is at the centre of rising concerns around circular deals in the AI ecosystem.

The world’s most valuable company in September unveiled a letter of intent to invest in OpenAI, under an agreement that would involve deploying at least 10 gigawatts of Nvidia systems for the startup, enough capacity to power more than 8 million U.S. homes.

“We still haven’t completed a definitive agreem

See Full Page