Nvidia posts near-$100B quarter, unveils $108.5B AI investment plan

ixbt.com (Russian)

Nvidia reported quarterly revenue of nearly $100 billion and announced new AI investments totaling $108.5 billion. The bulk of the investment, $105 billion, is designated for credit support covering land acquisition, power supply, and building construction for a data center campus in Ohio. The facility will house Nvidia accelerators under a 20-year lease with OpenAI. The agreement includes provisions for expanding credit support by an additional 3.8 gigawatts if the US facility is enlarged. The total sum encompasses multiple agreements with various partners, including guarantees on land, electricity, and building operations.


With a significance score of 3.9, this news ranks in the top 5.8% of today's 33283 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: