Major technology companies are collectively allocating billions of dollars annually to advance AI infrastructure capacity.
Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal that gives the chipmaker a financial stake in the world's most prominent AI company, which is already an important customer. This transaction reflects the broader surge in investments in systems powering AI that has accelerated since OpenAI launched ChatGPT in 2022, as companies across sectors pursue the technology to integrate into their products and services. Beyond the OpenAI deal, Nvidia will invest $5 billion in Intel, giving it roughly 4% of the company after new shares are issued, while CoreWeave signed a $6.3 billion initial order with Nvidia, a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers.
OpenAI has secured substantial computing infrastructure commitments from multiple partners. Oracle is reported to have signed one of the biggest cloud deals ever with OpenAI, under which the ChatGPT maker is expected to buy $300 billion in computing power from the company for about five years. Additionally, CoreWeave signed a five-year contract worth $11.9 billion with OpenAI in March, before the Nvidia-backed startup's IPO. Oracle is also in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant's drive to secure faster access to computing power.
Major technology companies are aggressively investing in AI infrastructure and talent. Nebius Group will provide Microsoft with GPU infrastructure capacity in a deal worth $17.4 billion over a five-year term, while Google struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion. Tesla signed a $16.5 billion deal to source chips from Samsung Electronics, with EV maker CEO Elon Musk saying that the South Korean tech giant's new chip factory in Texas would make Tesla's next-generation AI6 chip. Intel is getting a $2 billion capital injection from SoftBank Group, making the Japanese tech investor one of the top-10 shareholders of the troubled U.S. chipmaker.
Meta and Google are also pursuing strategic acquisitions and partnerships to advance their AI capabilities. Meta took a 49% stake for about $14.3 billion in Scale AI and brought in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant's artificial intelligence strategy. Google hired several key staff members from AI code generation startup Windsurf and will pay $2.4 billion in license fees as part of the deal to use some of Windsurf's technology under non-exclusive terms. Stargate, a joint venture between SoftBank, OpenAI and Oracle to build data centers, was announced in January by U.S. President Donald Trump, who said that the companies would invest up to $500 billion to fund infrastructure for artificial intelligence. Amazon.com pumped $4 billion into OpenAI competitor Anthropic, doubling its investment in the firm known for its GenAI chatbot Claude.