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Nvidia To Invest $100 Billion in OpenAI

3 months 4 weeks ago
Nvidia will invest up to $100 billion in OpenAI as the AI lab builds data centers requiring 10 gigawatts of power capacity. The 10-gigawatt deployment equals 4 to 5 million GPUs -- the same number Nvidia will ship globally this year. Building one gigawatt of data center capacity costs $50 to $60 billion, including approximately $35 billion for Nvidia chips and systems. The first phase begins in the second half of 2026 using Nvidia's next-generation Vera Rubin systems. The investment adds Nvidia to OpenAI's investor roster alongside Microsoft, SoftBank, and Thrive Capital at a $500 billion valuation. Nvidia CEO Jensen Huang described the investment as "additive to everything that's been announced and contracted."

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China Road Trip Exposes List of Uninvestable Assets in the West

3 months 4 weeks ago
An anonymous reader shares a report: Venture capitalists in clean tech are starting to say out loud what they've suspected for a while: China's dominance has left key sectors in the West uninvestable. A group of eight VCs from Western firms agreed to share with Bloomberg the details of a July road trip across China during which they visited factories, spoke with startup investors, and interviewed founders of companies. They knew China had raced ahead in sectors like batteries and "everything around energy," but seeing how big the gap was firsthand left them wondering how European and North American competitors can even survive, says Talia Rafaeli, a former investment banker at both Goldman Sachs and Barclays who's now a partner at Kompas VC. "Everyone needs to take this kind of trip," she said.

Read more of this story at Slashdot.

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