Nvidia is investing $1.5 billion in the SoftBank data center developer building capacity for an OpenAI project, locking in its chips for the buildout.
Nvidia is investing $1.5 billion in a SoftBank-affiliated data center developer that is constructing infrastructure behind an OpenAI project. The investment effectively guarantees Nvidia chips will power the facility, tightening its grip on the AI compute supply chain.
The deal follows a pattern of Nvidia taking equity stakes in the infrastructure buildouts of its biggest customers rather than simply selling them hardware.
Nvidia is converting customer relationships into ownership stakes across the compute stack, from chips to the buildings that house them. For competitors and buyers, this raises the bar for anyone trying to build AI infrastructure without Nvidia as both vendor and investor.
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