United Kingdom, Sept. 23 -- Nvidia has announced plans to invest up to $100 billion in OpenAI, marking one of the largest-ever deals in the artificial intelligence sector.

The agreement will see the processor manufacturer provide its highly sought-after chips to the ChatGPT maker while also taking a non-controlling equity stake in the company.

The deal is structured around two transactions: OpenAI will pay Nvidia in cash for GPUs, and in return Nvidia will invest capital into the startup.

The companies said the funding will help build AI data centres with at least 10 gigawatts of power, designed to run and train increasingly advanced models.

Nvidia chief executive Jensen Huang described the move as part of the company's strategy to ma...