At almost the same moment as NVIDIA administrative director Jensen Huang expressed surprise at Openai’s multibillion-dollar deal with competitor AMD card after his company agreed to invest up to $ 100 billion in the AI ​​model manufacturer Sam Altman that several such offers are in the works.
Huang appeared on CNBC’s squawk box on Wednesday. When asked if he knew about the AMD agreement before it was announced, he replied, “Not really.”
As Techcrunch previously reported, Openai’s agreement with AMD is unusual. AMD has agreed to give the Openai large trancher of the AMD share – up to 10% of the company for a period of years that are conditional on factors such as increases in the share price. On the other hand, Openai will use and help develop the chipmaker’s next generation AI GPUS chips. This makes Openai a shareholder in AMD.
Nvidia’s deal is the other way around. Nvidia has invested in AI model making starts, making it a shareholder in Openai.
While Openai has been using NVIDIA gears for years through sky providers such as Microsoft Azure, Oracle Oci and Coreweave, “This is the first time we sell directly to them,” Huang explained. He added that his company would still continue to supply gear to the sky producers.
These direct sales, which include AI-GEAR in addition to GPUs such as systems and networks, are intended to “prepare” Openai for the day when it is its own “self-hosted hyperscaler,” Huang said. In other words, when it uses its own data centers.
But Huang admits that Openai does not “have the money yet” to pay for all this gear. He estimated that each gigawatt in the AI ​​data center costs Openai “$ 50 to $ 60 billion” to cover everything from country and power to the servers and equipped.
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So far, by 2025, Openai has ordered 10 Gigawatts’ value of US facilities through its $ 500 billion with partners with partners Oracle and Softbank. (Plus, it has written a cloud agreement of $ 300 billion with Oracle.)
Its partnership with Nvidia was in at least 10 gigawatts of AI data centers. Its partnership with AMD was for 6 gigawatts. Plus its “Stargate UK” partnership involves expanding data centers in the UK, and it has other European obligations. After some estimates, Openai this year has the ink in the ink $ 1 trillion value of such offers.
Like the AMD agreement, Nvidia’s agreement has been criticized for being “circular”, Bloomberg reported. The critics say that NVIDIA essentially signs Openai’s purchase and gets the AI ​​starting share for its efforts.
Altman to the World: Expect more
When Huang dissected Openai’s infrastructure needs at CNBC, Openai CEO Sam Altman’s interview with Andreessen Horowitz’s A16Z podcast fell.
During the podcast, A16Z co-founder Ben Horowitz told Altman that he is “very impressed with the improvement of deal structures” referring to these latest offers. Andreessen Horowitz is an Openai Investor, so it would be shocking if he wasn’t impressed. Openai has found a way to potentially achieve billions of dollar equipment at another’s crown. Repeatedly.
When asked about these recent offers, Altman said, “You should expect much more from us in the coming months.”
Altman sees Openai’s future models and upcoming other products as so much more skilled and thereby fuel so much more demand that “we have decided that it is time to go a very aggressive infrastructure effort,” he explained.
The problem is that Openai’s revenue today is not currently nowhere near a billion of $ 1 trillion, although in any case it is growing rapidly, reportedly striking $ 4.5 billion in the first half of 2025.
Still, Altman obviously believes that in the end, all this investment will pay for themselves. “I have never been more confident in the research card in front of us and also the financial value that comes from using them [future] Models. ”
But, he said, Openai cannot come to all the economic lushness on his own.
“To make efforts on this scale, we kind of need the whole industry or the large part of the industry to support it. And this is from the level of electrons to model distribution and all the things in between, which is a lot. So we will cooperate with a lot of people,” said Altman with several offers that are expected in the coming months.
Then stand by the tech industry. Openai is still trading and trading.