The Vanished Deal
Nvidia's $100 billion OpenAI deal has seemingly vanished. In September 2025, Nvidia and OpenAI announced a letter of intent for Nvidia to invest up to $100 billion in OpenAI's AI infrastructure. At the time, the companies said they expected to finalize details in the coming weeks. Five months later, no deal has closed, Nvidia's CEO now says the $100 billion figure was never a commitment, and Reuters reports that OpenAI has been quietly seeking alternatives to Nvidia chips since last year.
Dissatisfaction with Nvidia Chips
Reuters also wrote that OpenAI is unsatisfied with the speed of some Nvidia chips for inference tasks, citing eight sources familiar with the matter. Inference is the process by which a trained AI model generates responses to user queries. According to the report, the issue became apparent in OpenAI's Codex, an AI code-generation tool. OpenAI staff reportedly attributed some of Codex's performance limitations to Nvidia's GPU-based hardware.
Public Response and Aftermath
After the Reuters story published and Nvidia's stock price took a dive, Nvidia and OpenAI have tried to smooth things over publicly.
