2025-09-22, equity
Disclosed: $100bn
Committed: undisclosed
Basis: letter of intent
Confidence: high
Term: undisclosed
NVIDIA, 2025-09-22
NVIDIA and OpenAI announced a letter of intent for NVIDIA to invest up to 100 billion US dollars in OpenAI progressively as each gigawatt is deployed. No tranche had been disclosed as closed.
nvidia>openai>oracle
Oracle's GPU purchase from NVIDIA was reported at $40B on 2025-05-23. NVIDIA announced a letter of intent on 2025-09-22 to invest up to $100B of equity in OpenAI, and on 2025-09-23 OpenAI's compute commitment to Oracle was put at a $300B ceiling over five years. The committed amount on all three links is undisclosed.
Closed on 2025-09-23