Even after Stargate, Oracle, Nvidia and AMD, OpenAI has more big deals coming soon, Sam Altman says

In a recent statement, Sam Altman, CEO of OpenAI, revealed that the company is on the verge of securing even more significant deals following its recent multi-billion-dollar agreement with AMD. This announcement came shortly after Nvidia's CEO, Jensen Huang, expressed his surprise regarding the AMD collaboration during an appearance on CNBC’s Squawk Box. The partnership with AMD is unique, as it involves the chipmaker granting OpenAI substantial amounts of AMD stock—potentially up to 10%—over several years, contingent on stock performance. In return, OpenAI is expected to utilize and contribute to the development of AMD's next-generation AI GPU technology, effectively making OpenAI a shareholder in AMD. In contrast, Nvidia has taken a different approach by investing in OpenAI, thus becoming a stakeholder in the AI startup. While OpenAI has relied on Nvidia’s hardware through cloud services like Microsoft Azure and Oracle, this marks a shift towards direct sales of hardware, as highlighted by Huang. He indicated that this move is part of a strategy to prepare OpenAI for a future where it operates its own data centers as a self-sustaining hyperscaler. However, Huang acknowledged that OpenAI currently lacks the financial capacity to fund this infrastructure entirely, estimating that each gigawatt of AI data center capacity will cost between $50 billion to $60 billion. OpenAI has already made strides with its $500 billion deal dubbed Stargate, which involves establishing 10 gigawatts of facilities in the U.S. and a separate $300 billion cloud agreement with Oracle. Additionally, OpenAI's collaborations with Nvidia and AMD entail significant data center expansions, with commitments totaling around $1 trillion this year alone. During his podcast interview with Andreessen Horowitz’s Ben Horowitz, Altman expressed optimism about the future, indicating that OpenAI plans to significantly ramp up its infrastructure investments to meet the expected demand for its forthcoming models and products. Despite current revenue figures being far from the projected $1 trillion, Altman is confident in the growth trajectory, stating that OpenAI has generated approximately $4.5 billion in the first half of 2025. As Altman emphasized, the company is poised for aggressive expansion, and he anticipates more partnerships in the near future. He noted that achieving such ambitious goals will require substantial industry collaboration, spanning from fundamental technology to model distribution. Tech stakeholders should stay tuned for more announcements as OpenAI continues to forge its path in the AI landscape.