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OpenAI and Nvidia Lead Over $1 Trillion in AI Infrastructure Deals

OpenAI has struck deals worth about $1 trillion with chipmakers like Nvidia and AMD to secure computing power. These agreements aim to fuel the massive growth in generative AI and cloud infrastructure. One major deal gave OpenAI access to 10 gigawatts of Nvidia GPU capacity. In return, Nvidia plans to invest up to $100 billion…

Goldman Sachs to buy $7B VC firm Industry Ventures for $965M.

Goldman Sachs Buys $7 Billion Venture Capital Firm Industry Ventures

Aisha Ajaz4 weeks ago4 weeks ago02 mins

Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco–based venture capital firm managing about $7 billion in assets, in a deal valued at $965 million. The transaction includes $665 million in cash and equity at closing, plus up to $300 million in future performance-based payments through 2030. The deal strengthens Goldman’s foothold in…