Nvidia (NVDA) on Tuesday announced that it is forging a partnership with AI company Thinking Machines Lab that will see the chipmaker provide upwards of 1 gigawatt’s worth of its next-generation Vera Rubin chips to the company.
In a joint statement, Nvidia and Thinking Machines said the processors will be deployed early next year. The deal also calls for the two to “design training and serving systems for Nvidia architectures and broader access to frontier AI and open models for enterprises, research institutions, and the scientific community.”
Thinking Machines CEO Mira Murati founded the company in 2025 after leaving her role as CTO at OpenAI in 2024. She had briefly served as that company’s CEO when its board ousted Sam Altman in 2023. Altman was ultimately reinstated, and the board underwent significant changes.
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“Nvidia’s technology is the foundation on which the entire field is built,” Murati said in a statement. “This partnership accelerates our capacity to build AI that people can shape and make their own, as it shapes human potential in turn.”
Under the terms of the deal, Nvidia is also making a “significant investment” in Thinking Machines to “support the company’s long-term growth.” The firms didn’t reveal the amount of the investment.
Nvidia has been on a dealmaking spree as of late. On March 2, it announced agreements with Coherent (COHR) and Lumentum (LITE) to build optics technologies. In February, the company said it was entering a massive multiyear, multi-generational partnership with Meta (META). OpenAI also revealed that Nvidia would invest $30 billion in the company as part of its $110 billion fundraising round.
The Thinking Machines deal, however, is also likely to raise concerns about circular investing in the AI industry, in which companies like Nvidia, AMD, and others invest capital into AI startups that those businesses then use to purchase processors from the chip companies.
That, the thinking goes, would then drive artificial demand for AI chips and infrastructure. But Nvidia and others have pushed back against the assertion.
For its third quarter, Nvidia posted earnings per share of $1.30 on revenue of $57.01 billion, easily topping analysts’ expectations and blowing past its EPS and revenue from the same period last year.
Its data center business generated sales of $51.2 billion versus estimates of $49.3 billion, and it offered Q4 revenue guidance of $65 billion plus or minus 2%. Wall Street was expecting $62 billion.