Nvidia and OpenAI announced a historic agreement for Nvidia to invest $100 billion in AI supercomputing facilities. However, Nvidia clarified in its quarterly financial report that there’s no guarantee of a definitive agreement. Nvidia has also made significant investments in Intel and Anthropic.

OpenAI anticipates ending the year with a $20 billion annual revenue run rate, aiming for hundreds of billions by 2030. They’ve announced $1.4 trillion in infrastructure spending with various partners. Despite the uncertainty, Nvidia remains optimistic about the collaboration, with OpenAI highlighting significant growth.

OpenAI’s partnership with AMD includes deploying 6 gigawatts of AMD’s Instinct GPUs over several years, with a warrant for 160 million shares of AMD’s stock tied to deployment volume and share price milestones. The agreement was signed on Oct. 5, with significant implications for the AI industry.

Read more at CNBC: Nvidia says ‘no assurance’ of deal with OpenAI after $100 billion pact