Nvidia gives OpenAI $100 billion to spend mostly on Nvidia hardware and Nvidia share price goes up by $220 billion - why am I not surprised? (www.techradar.com)

Nvidia has committed up to $100 billion to OpenAI through a deal that starts with an initial $10 billion and will scale as OpenAI deploys more compute. The structure is circular: Nvidia will buy non‑voting shares in OpenAI, and OpenAI is expected to spend most of that capital buying Nvidia systems to build massive data centers powered by Nvidia’s new Vera Rubin platform. The first facilities are slated to come online in 2026 and will demand roughly 10 gigawatts of power (comparable to the needs of about 8 million U.S. households). The announcement instantly lifted Nvidia’s market value by some $220 billion and follows a pattern of Nvidia investments into GPU‑dependent providers (e.g., CoreWeave, nScale). For the AI/ML community this deal promises huge, dedicated compute capacity that could accelerate training of next‑generation models and keep OpenAI at the cutting edge. But it also deepens Nvidia’s vertical influence over the AI stack and raises antitrust and competition concerns: analysts warn the circular investment could incentivize preferential pricing or delivery for OpenAI and further lock other labs out of Nvidia’s supply. The deal bypasses hyperscalers and cements long‑term GPU demand, with implications for hardware supply chains, pricing, model scaling strategies, and regulatory scrutiny as governments examine whether such financial linkages distort competition.