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Nvidia's $100B OpenAI Deal 'Makes Sense,' Says BlackRock's Jacobs

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September 23, 2025

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BlackRock’s U.S. Head of Equity ETFs Jay Jacobs says Nvidia’s plan to invest up to $100 billion in OpenAI to support new data centers is good for AI investment overall, even as some question how much cash industry giants are pouring into each other. Jacobs joins Caroline Hyde on “Bloomberg Tech.”

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BlackRocks US HeadEquity ETFs Jay JacobsCaroline HydeBloomberg TechYouTube WatchEd LudlowSilicon ValleyFollow Caroline Hyde

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Nvidia's $100B OpenAI Deal 'Makes Sense,' Says BlackRock's Jacobs · Bloomberg Technology · Sentinel