Nvidia has not given OpenAI 'a penny yet,' CEO Huang tells Fox Business

{ "@context": "https://schema.org", "@type": "Article", "author": {"@type":"Person","name":"[Your Name]"}, "headline":"Nvidia OpenAI Deal: 2025 Hardware‑Centric Partnership Explained", "datePublished":"2025-12-18", "articleBody":"…" } Nvidia OpenAI deal: 2025 hardware‑centric partnership explained In the wake of last year’s headline‑grabbing “$100 billion” claim, Nvidia CEO Jensen Huang clarified that the Nvidia OpenAI deal is a pure GPU contract—no cash or equity has yet flowed into OpenAI. The agreement delivers up to 10 GW of Hopper‑30A compute, milestone payments tied to deployment metrics and a conditional equity path that activates only after specific performance thresholds are met. For enterprise AI leaders, this nuance reframes how we assess infrastructure contracts, risk profiles and revenue streams. Hardware‑first, cash‑free: the core of the Nvidia–OpenAI partnership No cash infusion: The deal is strictly hardware; Nvidia has not transferred any capital to OpenAI. 10 GW GPU commitment: Up to 25 million Hopper‑30A GPUs, with a phased rollout through 2028. Milestone payments & conditional equity: Future cash flows are tied to deployment metrics; equity is contingent on meeting agreed targets. Strategic posture: Nvidia preserves its vendor model while locking in long‑term revenue from the most advanced AI lab. Why the “no cash” clause matters for technical decision makers In 2025, AI infrastructure deals blur capital investment and strategic partnership lines. A cash infusion would have signaled a deeper stake in OpenAI’s business model—potentially affecting governance, IP rights and product roadmaps. Huang’s statement removes that ambiguity: Nvidia remains a vendor, not an investor. Implications for CFOs and CTOs: No dilution risk: Shareholders see no immediate equity stake taken by Nvidia. Predictable revenue streams: Hardware sales are contract‑based and less volatile than venture rounds. Clear budgeting: Capital expenditures can be forecasted against the