Kress’ comments add to intensifying discussion around a partnership that ties two of the most significant players in the artificial intelligence race and is at the center of rising concerns around circular deals in the AI ecosystem.
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“We still haven’t completed a definitive agreement, but we’re working with them,” Kress said, addressing questions about the framework of Nvidia’s agreement with OpenAI.
OpenAI, the startup at the heart of the generative AI boom that kicked off with the launch of ChatGPT in late 2022, is a major customer for Nvidia’s chips, alongside large cloud providers which make up a large portion of the chipmaker’s sales.
The chips Nvidia could provide to OpenAI after its agreement is finalized are not included in these bookings and would add to the number, Kress said on Tuesday.
“That half a trillion doesn’t include any of the work that we’re doing right now on the next part of the agreement with OpenAI,” she said.
Nvidia shares were up 2.6%.
Over the past year, Nvidia has struck a series of deals with AI startups and invested in firms that are also major customers, stoking Wall Street concerns about an AI bubble and so‑called circular deals.
Reporting by Arsheeya Bajwa in Bengaluru; Editing by Tasim Zahid
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