Nvidia CEO just invested $100 billion in OpenAI - here's what it means for your portfolio
Key Points
- Nvidia is investing $100 billion in OpenAI to boost AI compu...
Sam Altman wasn't kidding when he said "everything starts with compute" - apparently everything also starts with a $100 billion check from your friendly neighborhood chip dealer. Yesterday, Nvidia dropped the news that it's throwing a Benjamin Franklin-sized fortune at OpenAI, and Wall Street collectively decided this was the kind of math they could get behind.
Let's break down what happened here without the corporate jargon. Nvidia, already the undisputed champion of AI chips, just doubled down on its relationship with OpenAI - the company behind ChatGPT that 700 million people talk to month...
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