According to Bloomberg, Nvidia assured customers on Monday that its $100 billion investment and landmark cooperation agreement with OpenAI to expand AI infrastructure will not affect the company's relationships with other customers.
Nvidia said in a statement late Monday: "Our investment will not change our strategic focus or affect product offerings to other customers. Whether or not equity investment is involved, we will continue to put every client first."
Earlier on Monday, Nvidia and OpenAI announced that they had signed a letter of intent to advance an investment deal of up to $100 billion, with the goal of building data centers equipped with Nvidia chips with a total power of at least 10 gigawatts. These infrastructures will be used to develop and run artificial intelligence models.
In recent years, Nvidia chips have become Silicon Valley's most sought-after commodity. Data center operators are scrambling to acquire as many Nvidia chips as possible. The frenzy of buying drove Nvidia's sales and stock price to soar. Currently, NVIDIA's market value is close to US$4.5 trillion, making it the world's most valuable company.
Nvidia CEO Jensen Huang has been maintaining the company's growth momentum by expanding its customer base. Despite Nvidia's huge success, its revenue remains highly dependent on a small group of companies, including Microsoft, Meta, Amazon and Google parent Alphabet.
These customers are also in direct competition, scrambling to build AI infrastructure as quickly as possible to attract more users to their services. At the same time, they are also deploying or developing their own chips in an attempt to reduce their dependence on Nvidia. Concern about losing priority supply rights may prompt these customers to speed up their own research or consider more seriously alternatives from potential Nvidia competitors such as AMD.