CNBC: Nvidia admits $100 billion Open AI deal may never happen.

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Two months ago Nvidia
CEO Jensen Huang and OpenAI CEO Sam Altman stood side by side in San Jose, California, to announce a historic agreement between the two leaders in artificial intelligence.

Nvidia would invest $100 billion over a number of years, starting in 2026, as OpenAI’s AI supercomputing facilities come online, the duo said. The timing of the buildouts and the cost of each data center weren’t disclosed.

But in Nvidia’s quarterly financial report on Wednesday, the chipmaker reminded investors that there’s a big difference between an announcement and a contract.

“There is no assurance that we will enter into definitive agreements with respect to the OpenAI opportunity or other potential investments, or that any investment will be completed on expected terms,” Nvidia said in the risk factors section of its quarterly filing.

https://www.cnbc.com/2025/11/19/nvidia-says-no-assurance-of-deal-with-openai-after-100-billion-pact.html

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