Nvidia’s shares surged nearly 4% following the announcement of a monumental investment of up to $100 billion into OpenAI, the creators of ChatGPT. This strategic partnership aims to expand AI data centers, marking a new phase for both companies. Nvidia, a leader in the AI boom and the world’s most valuable firm, anticipates deploying 10 gigawatts of power by next year using its Vera Rubin platform. This investment further enhances Nvidia’s influence, benefiting partners such as Super Micro Computer and Micron Technology, which also saw share increases. Nvidia CEO Jensen Huang emphasized this initiative as a leap towards the next era of intelligence, while OpenAI CEO Sam Altman highlighted the potential for new AI breakthroughs to empower businesses. With this news, Nvidia has seen over a 33% rise in stock value since the beginning of the year. The partnership details are expected to be finalized soon, further solidifying their collaboration.
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