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AI Data Centers Boost Domestic Natural Gas Demand
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September 22, 2025
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48:53
6:31Now PlayingEQT President & CEO Toby Rice believes that AI infrastructure requirements will lead to a 20% to 40% increase in natural gas demands in the US. He joins Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss energy development throughout the country.
Nvidia Corp. will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.
The companies announced the agreement Monday, saying they’d signed a letter of intent for a strategic deal. The investment is meant to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models.
The money will be provided in stages, with the first $10 billion coming when the deal is signed, according to people familiar with the matter. Nvidia is making the investment in cash and will receive OpenAI equity as part of the deal, said the people, who asked not to be identified because the talks were private. Further increments will follow when each gigawatt of computing power is deployed.
Investors applauded the tie-up, sending Nvidia shares up as much as 4.5% in New York trading. The shares have now gained about 37% this year, cementing the company’s status as the most valuable business on Earth. OpenAI, meanwhile, is the world’s biggest tech startup. Bloomberg News reported last month that it was in early talks about a stock sale valuing the company at $500 billion.
The companies are helping lead a global push to build data centers for a new generation of AI tools — an undertaking that is expected to cost trillions of dollars in total. The effort requires advanced chips, servers, cooling systems and enormous amounts of electricity.
“This investment and infrastructure partnership mark the next leap forward — deploying 10 gigawatts to power the next era of intelligence,” Nvidia Chief Executive Officer Jensen Huang said in a statement.
Nvidia has been using its financial might to make sure the company’s technology remains at the heart of AI systems. With the OpenAI deal, it’s strengthening ties with a vital ally. The startup makes the market-leading chatbot and is working to expand its own AI infrastructure. The agreement signals that OpenAI will remain a key Nvidia customer, even as the company seeks other suppliers.
Nvidia also has positioned itself as a champion of domestic technology infrastructure — a priority of the Trump administration. The Santa Clara, California-based chipmaker has been working to build goodwill with the White House at a time when it needs Washington to ease China export restrictions.
Last week, Nvidia agreed to invest to $5 billion in Intel Corp., the long-struggling chipmaker that is now partially owned by the US government.
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