00:00In other news, U.S. tech giant NVIDIA is set to invest up to $100 billion in OpenAI, the company behind ChatGPT.
00:09NVIDIA says it will provide the high-performance chips needed to power the massive computing capacity required for artificial intelligence,
00:17an area where OpenAI has become a global leader.
00:20The agreement calls for systems capable of deploying 10 gigawatts of computing power, enough to power millions of homes,
00:30across new data centers dedicated to training and running OpenAI's models.
00:35The move comes as OpenAI looks to diversify its infrastructure and reduce reliance on Microsoft, its largest backer and cloud provider.
00:45Reuters and Bloomberg report that the deal begins with $10 billion in cash, with additional funding released as computing capacity comes online.
00:56NVIDIA will receive equity in OpenAI as part of the agreement.
01:01Investors responded positively, sending NVIDIA shares up nearly 4% in New York trading, adding to a 37% gain this year.
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