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Research insights: Nvidia’s US$100 billion OpenAI investment builds closed-loop control of AI cloud market

In September 2025, Nvidia announced plans to invest up to US$100 billion in OpenAI in phases, deploying at least 10GW of Nvidia server systems to support the development of next-generation AI computing platforms. This represents one of the largest infrastructure collaborations in the generative AI era, both in scale and investment, and is a rare strategic alliance in the past decade.