Nvidia admits the $100bn 'biggest AI infrastructure project in history' OpenAI deal still isn't finalized (www.techradar.com)

Nvidia's ambitious $100 billion collaboration with OpenAI, touted as the “biggest AI infrastructure project in history,” is still in its preliminary stages and remains unfinalized, according to Nvidia CFO Colette Kress. Despite significant media attention, the deal has yet to move beyond a letter of intent, with Kress cautioning that there is no guarantee of reaching definitive agreements. The plan initially called for the deployment of millions of Nvidia GPUs to achieve 10GW of data center capacity, reflecting the scale of investment and infrastructure that could substantially enhance AI capabilities. This ongoing uncertainty is particularly significant for the AI and machine learning community, as it highlights the challenges associated with long-term partnerships in a rapidly evolving tech landscape. Nvidia expressed concerns over risks like excess inventory from non-cancellable orders and the impact of annual architecture updates on demand forecasting. Consequently, market analysts remain wary of the potential for an "AI bubble," where interconnected investments might lead to sharp corrections in the tech market. Kress also noted that, despite competition from companies like Google, Nvidia's established position in the industry is secure, suggesting a long-term dominance in AI hardware that underpins critical infrastructure for AI advancements.