Nvidia and OpenAI inked a memorandum of understanding (MOU) in September 2025, signaling the former’s intent to build data centers capable of delivering 10 gigawatts of compute power for the latter to lease, and to invest $100 billion in the AI company to help fund it. However, several months have passed since that announcement, and it seems the deal is going nowhere. OpenAI had hoped to seal the deal a few weeks after the initial agreement, but sources told The Wall Street Journal that the talks have largely stalled since then.
It seems both parties are rethinking the deal terms, although OpenAI could still receive tens of billions of dollars from Nvidia through an equity investment. According to the publication, Nvidia CEO Jensen Huang has been privately telling his peers that the $100 billion MOU isn’t binding and is still subject to change.
