Corporate spending on AI infrastructure has accelerated into a string of large-scale commitments across cloud providers, chipmakers, data center operators and software firms. In recent announcements, companies have agreed to invest, purchase or partner on arrangements that span chip supply, cloud compute contracts, data center construction and equity stakes. These deals range from single-digit billions to multiyear arrangements valued in the tens or hundreds of billions of dollars, highlighting the scale of capital being directed toward AI-ready infrastructure.
Summary of OpenAI-related agreements
OpenAI has been at the center of multiple high-value arrangements with cloud and hardware providers. Reported discussions show Amazon is considering an investment of around $10 billion in OpenAI, though sources describe those talks as very fluid. OpenAI has also forged multiple supplier and investment relationships:
- Disney and OpenAI - Walt Disney plans to invest $1 billion in OpenAI and will permit the company's Sora AI video generator to use characters from Disney franchises including Star Wars, Pixar and Marvel under a three-year licensing agreement. The contract excludes any talent likeness or voices, and Sora along with ChatGPT Images are slated to begin producing videos featuring licensed Disney characters early next year.
- Broadcom and OpenAI - OpenAI has partnered with Broadcom to develop its first in-house artificial intelligence processors, a move reflecting the startup's growing need for custom compute solutions.
- AMD and OpenAI - AMD agreed to supply AI chips to OpenAI under a multi-year arrangement that also grants OpenAI the option to purchase up to roughly 10% of AMD.
- Nvidia and OpenAI - Nvidia is reported to be set to invest up to $100 billion in OpenAI and to supply the company with data center chips, giving Nvidia a direct financial stake alongside its role as a key supplier.
- Oracle and OpenAI - Oracle reportedly signed one of its largest cloud deals with OpenAI, under which OpenAI is expected to purchase about $300 billion in computing power from Oracle over roughly five years.
- CoreWeave and OpenAI - CoreWeave agreed a five-year contract worth $11.9 billion with OpenAI in March, signed prior to the Nvidia-backed startup's initial public offering.
- Stargate data center project - A joint venture highlighted as Stargate, involving SoftBank, OpenAI and Oracle, is intended to build data centers. The project was announced with an investment commitment described as up to $500 billion to fund artificial intelligence infrastructure, according to public statements when the project was revealed.
Deals involving Meta and related suppliers
Meta Platforms has pursued multiple arrangements to secure both hardware and cloud capacity as it develops agentic AI capabilities and expands compute capacity:
- Meta and AMD - AMD will sell up to $60 billion worth of AI chips to Meta and this agreement allows Meta to acquire as much as 10% of AMD. The deal commits AMD to supply six gigawatts of chips to Meta, beginning with one gigawatt of the MI450 hardware in the second half of the year. Meta's purchases will include AMD's flagship graphics chips and central processors, including a customized CPU variant.
- Meta and Manus - Meta plans to acquire the Chinese startup Manus as part of efforts to integrate agentic AI tools into consumer platforms such as Facebook, Instagram and WhatsApp. The transaction is reported to value Manus at between $2 billion and $3 billion, according to a source, although financial terms were not disclosed directly.
- Meta and CoreWeave - CoreWeave signed a $14 billion agreement with Meta to supply computing power, and later expanded that arrangement with an additional $21 billion deal, building on an earlier agreement struck in September to provide cloud capacity.
- Meta and Oracle - Oracle is reported to be in talks with Meta on a multi-year cloud computing deal valued at approximately $20 billion to help secure faster access to compute.
- Meta and Google - Separately, Google reportedly struck a six-year cloud computing deal with Meta worth more than $10 billion.
- Meta and Scale AI - Meta purchased a 49% stake in Scale AI for about $14.3 billion and brought Scale's CEO Alexandr Wang into a prominent role in Meta's AI strategy.
Nvidia-related investments and alliances
Nvidia's dealings include both strategic investments and supply commitments across the AI ecosystem:
- Nvidia and Groq - Nvidia agreed to license chip technology from startup Groq and to hire its CEO, Jonathan Ross, along with other engineers. Media reports indicated Nvidia had agreed to acquire Groq's assets for $20 billion.
- Nvidia, Lumentum and Coherent - Nvidia will invest $2 billion each in photonics companies Lumentum and Coherent to support their U.S.-based R&D and manufacturing efforts.
- Microsoft, Nvidia and Anthropic - Microsoft committed to invest up to $5 billion and Nvidia up to $10 billion in Anthropic, while Anthropic pledged $30 billion to run workloads on Microsoft's cloud. Under that agreement, Anthropic will commit up to 1 gigawatt of compute, powered by Nvidia's Grace Blackwell and Vera Rubin hardware, and will collaborate with Nvidia to refine chips and models for performance gains.
- Nvidia-backed investor group and Aligned Data Centers - An investor consortium that includes BlackRock, Microsoft and Nvidia agreed to acquire U.S.-based Aligned Data Centers, one of the largest data center operators with nearly 80 facilities, in a transaction valued at $40 billion.
- Nvidia and Intel - Nvidia will invest $5 billion in Intel, which would represent roughly a 4% stake in Intel after new shares are issued.
- CoreWeave and Nvidia - CoreWeave placed an initial order valued at $6.3 billion with Nvidia, a contract that guarantees Nvidia will purchase any cloud capacity not sold to customers.
Google's infrastructure and technology agreements
- Google and Texas data centers - Google will invest $40 billion in three new data centers in Texas through 2027, including facilities in Armstrong County and two in Haskell County, while continuing investments at its Midlothian campus and Dallas cloud region.
- Google and Windsurf - Google hired key personnel from AI code generation startup Windsurf and will pay $2.4 billion in license fees to use some of Windsurf's technology under non-exclusive terms.
Other notable agreements and investments
- Nebius Group and Microsoft - Nebius Group agreed to provide Microsoft with GPU infrastructure capacity in a deal valued at $17.4 billion over five years.
- Intel and SoftBank - SoftBank Group committed a $2 billion capital injection into Intel, making SoftBank one of the top 10 shareholders of the U.S. chipmaker.
- Tesla and Samsung - Tesla signed a $16.5 billion deal to source chips from Samsung Electronics, and Tesla's CEO has indicated that Samsung's new chip factory in Texas would produce Tesla's next-generation AI6 chip.
- Amazon and Anthropic - Amazon previously invested $4 billion in Anthropic and has announced plans to invest an additional $25 billion in the firm as Anthropic commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies.
- SoftBank and DigitalBridge - SoftBank Group will acquire digital infrastructure investor DigitalBridge Group in a transaction valued at $4 billion, reflecting SoftBank's intent to broaden its AI-related holdings.
The deals cataloged above span direct equity investments, multi-year procurement contracts for cloud capacity and chips, expanded supply agreements and joint ventures to build physical infrastructure. Together they represent a concentrated effort by major technology and industrial firms to secure the compute, hardware and real estate required to run large-scale AI models and services.
While the scale of these commitments varies, several patterns are clear from the reported arrangements: large cloud contracts running multiple years, multi-billion-dollar chip supply agreements, equity stakes that align suppliers and customers financially, and coordinated investments in data center capacity. Some agreements include optional equity purchases or rights to acquire a portion of a supplier, while others bind parties to long-duration purchases of computing power or specialized hardware.
Negotiations and terms in a number of these arrangements have been described as fluid or under discussion, indicating ongoing changes even as many deals have already been announced and signed. The range of participants - from cloud providers and chipmakers to social media platforms and traditional media companies - underscores the broad economic reach of AI infrastructure demand.