ALTMAN, HUANG, AND THE LAST-MINUTE NEGOTIATIONS THAT SEALED THE $100 BILLION OPENAI-NVIDIA DEAL

Summary from the TLDR newsletter

OpenAI and Nvidia are now more intimately linked than ever with a monumental deal that will see Nvidia investing $100 billion into OpenAI and providing cutting-edge processors to power a host of new datacenters. The deal was negotiated largely through a mix of virtual discussions and one-on-one meetings between Sam Altman and Jensen Huang - no bankers were involved. Microsoft, OpenAI's principal shareholder and primary cloud provider, was only notified about the deal a day before it was signed. Nvidia and OpenAI's first gigawatt site will go online in the back half of next year.