原文标题： Nvidia plans to invest up to $100 billion in OpenAI as part of data center buildout 原文连结：https://tinyurl.com/yh2h86m6 发布时间：Published Mon, Sep 22 2025 12:10 PM EDT 记者署名：Kif Leswing 原文内容： Nvidia will invest $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of dollars in data centers based around the chipmaker’s AI processors, the companies said on Monday. 辉达将投资1000亿美元於OpenAI，因为这家AI实验室正计划建设数千亿美元规模的资料中 心，而这些中心将以辉达的AI处理器为核心，两家公司周一表示。 OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, the companies said on Monday. A gigawatt is a measure of power that is increasingly being used to describe the biggest clusters of AI chips. OpenAI计划建设并部署需要10吉瓦电力的辉达系统。吉瓦（GW）是一种功率单位，越来越 常被用来描述最大规模的AI晶片集群。 Huang told CNBC’s Jon Fortt in an interview in San Jose, California, that the 10 gigawatts is equal to between 4 million and 5 million graphics processing units (GPUs), which is what the company will ship in total this year and “ twice as much as last year.” 黄仁勳在加州圣荷西接受CNBC访问时表示，10吉瓦相当於400万至500万颗GPU，这正是辉 达今年的出货总量，比去年多一倍。 “This is a giant project,” Huang said, in the interview alongside OpenAI CEO Sam Altman and Greg Brockman, the company’s president. 黄仁勳与OpenAI执行长山姆‧奥特曼（Sam Altman）、总裁Greg Brockman共同接受访问 时表示：「这是一个巨大的计画。」 Nvidia stock rose almost 4% during on Monday, lifting the company’s market cap to about $4.5 trillion. 辉达股价周一上涨近4%，市值提升至约4.5兆美元。 The partnership, which Huang described as “monumental in size,” highlights the intimate link between OpenAI and Nvidia, two of the biggest drivers of the recent AI boom. Demand for Nvidia’s GPUs started picking up when OpenAI first released ChatGPT in 2022, and OpenAI still relies GPUs to develop its software and deploy it to users. 黄仁勳称这次合作「规模空前」，凸显了OpenAI与辉达的紧密联系，这两者是近年AI热潮 的最大推手之一。自2022年OpenAI推出ChatGPT以来，辉达GPU需求开始飙升，而OpenAI仍 仰赖GPU来开发并部署其软体。 “Nvidia invests $100 billion in OpenAI, which then OpenAI turns back and gives it back to Nvidia,” Bryn Talkington, managing partner at Requisite Capital Management, told CNBC after the announcement. “I feel like this is going to be very virtuous for Jensen.” Requisite Capital Management管理合夥人Bryn Talkington在消息公布後告诉CNBC：「 辉达投资1000亿美元给OpenAI，而OpenAI再把这笔钱花回给辉达。我觉得这对黄仁勳来说 会是非常有利的循环。」 It further signals the magnitude of Nvidia technology that OpenAI will need to develop next-generation AI that can do more than its current models. OpenAI was already in need of an increasing number of chips to serve its users. The company said it had 700 million active weekly users. 这也显示了OpenAI在开发比现有模型更强大的下一代AI时，对辉达技术的巨大需求。 OpenAI本就需要越来越多晶片来服务其用户，该公司表示其活跃的周用户数已达7亿。 “You should expect a lot from us in the coming months,” Altman said in the interview. “There are three things that OpenAI has to do well: we have to do great AI research, we have to make these products people want to use, and we have to figure out how to do this unprecedented infrastructure challenge.” 奥特曼在访谈中说：「未来几个月，你们应该对我们抱有很大期待。OpenAI必须把三件事 做好：一是做出最好的AI研究，二是打造用户想用的产品，三是解决这场前所未有的基础 设施挑战。」 The companies said the investment will be deployed “progressively” as the infrastructure is built and that Nvidia would be a “preferred” supplier for OpenAI for chips and networking gear. Nvidia dominates the market for AI chips , but faces increased competition from Advanced Micros Devices and cloud providers which are developing their own chips and systems to tie them together. 两家公司表示，这笔投资将随基础设施建设「逐步」投入，而辉达将成为OpenAI「首选」 的晶片与网路设备供应商。辉达虽然主导AI晶片市场，但也面临AMD和各大云端供应商的 挑战，後者正在研发自有晶片与系统。 In August, Huang told investors on an earnings call that building one gigawatt of data center capacity costs between $50 billion and $60 billion, of which about $35 billion of that is for Nvidia chips and systems. 黄仁勳在8月的财报电话会议上告诉投资人，建设1吉瓦的资料中心需要花费500亿至600亿 美元，其中约350亿美元将用於购买辉达晶片与系统。 Nvidia and OpenAI said that the first phase of the latest investment will come online in the second half of 2026, using Nvidia’s next-generation Vera Rubin systems. 辉达与OpenAI表示，这项投资的第一阶段将於2026年下半年上线，采用辉达的下一代「 Vera Rubin」系统。 Nvidia’s investment comes after a roster of investors valued OpenAI at $500 billion in a recent secondary round. Microsoft was one of OpenAI’s early investors, and has a strategic partnership to integrate OpenAI models into its cloud service, Azure, and Microsoft Office. Other OpenAI investors include SoftBank and Thrive Capital. 这笔投资是在近期二级市场融资中投资人将OpenAI估值定为5000亿美元之後出现的。微软 是OpenAI的早期投资者之一，并与其建立战略合作，把OpenAI模型整合进Azure云服务和 Office套件。其他投资人包括软银和Thrive Capital。 The companies said on Monday that the partnership will compliment the infrastructure work it is doing with Microsoft, Oracle, SoftBank and the Stargate project. 两家公司周一表示，这项合作将补充其与微软、甲骨文、软银及Stargate专案正在进行的 基础设施工作。 Altman referred to Nvidia and Microsoft as “passive” investors and two of the company’s “most critical partners” in the CNBC interview. 奥特曼在接受CNBC访问时称辉达与微软为「被动投资者」，但同时是公司「最关键的合作 夥伴」之一。 Huang said Nvidia’s investment is “additive to everything that’s been announced and contracted.” He indicated to CNBC that it’s in addition to anything the company has told Wall Street about its financial expectations. 黄仁勳表示，辉达的投资是「在所有已宣布与签约事项之上的额外投资」。他向CNBC指出 ，这是超出公司向华尔街公开的财务预期之外的举措。 While this investment dwarfs Nvidia’s prior commitments, the chipmaker has been opening its wallet of late to put funds in many companies in and around the industry. 虽然这笔投资远超过辉达过去的承诺，但该公司近期已频频出手投资AI相关公司。 Last week, Nvidia said it’s taken a $5 billion stake in Intel and announced that the two companies will collaborate on AI processors. Nvidia also said it invested close to $700 million in U.K. data center startup Nscale. And CNBC reported on Thursday that the company spent over $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the AI startup, and to license the company’s technology. 上周，辉达表示已持有英特尔价值50亿美元的股份，并宣布两家公司将在AI处理器上合作 。辉达还表示已投资近7亿美元於英国资料中心新创Nscale。而据CNBC报导，辉达花费超 过9亿美元聘用AI新创Enfabrica的CEO Rochan Sankar与其他员工，并取得其技术授权。 心得/评论： 投资金额：辉达将投入高达1000亿美元於OpenAI，主要用於建设10GW级别的AI资料中心， 相当於400–500万颗GPU。 互利循环：OpenAI会把这笔钱用於购买辉达晶片与系统，形成「投资-消费-再回流」的正 向循环。 OpenAI需求：OpenAI目前有7亿活跃周用户，迫切需要庞大算力，这次合作确保辉达的技 术供应链地位。 估值背景：OpenAI最近在二级市场估值约5000亿美元，主要投资人包括微软、软银与 Thrive Capital。 竞争与布局：辉达正面临AMD与云端大厂的自研晶片挑战，因此积极投资上游与下游企业 ，巩固生态。 --

※ 发信站: 批踢踢实业坊(ptt.cc), 来自: 150.117.197.145 (台湾) ※ 文章网址: https://webptt.com/cn.aspx?n=bbs/Stock/M.1758560359.A.7CA.html