Global technology giants are accelerating efforts to secure artificial intelligence capacity as demand for computing power surges, triggering a wave of multi-billion-dollar deals spanning chips, cloud services, and data centres. Companies are increasingly locking in long-term agreements to ensure access to scarce AI infrastructure and reduce strategic dependence on rivals.
Nvidia has agreed to license technology from AI startup Groq for use in some of its artificial intelligence chips, marking the chipmaker’s largest such deal and highlighting intensifying competition to maintain performance leadership. The agreement comes amid soaring demand for advanced chips and specialised AI hardware.
OpenAI remains at the centre of the deal-making spree. Amazon is considering an investment of around $10 billion, while Walt Disney has committed $1 billion and licensed iconic characters from franchises including Star Wars, Pixar, and Marvel for use in OpenAI’s Sora video generation tools. OpenAI has also partnered with Broadcom to develop in-house AI processors and signed a multi-year chip supply deal with AMD.
Nvidia is set to invest up to $100 billion in OpenAI while supplying data-centre chips, further deepening ties between the two firms. Oracle has reportedly signed one of the largest cloud contracts ever, under which OpenAI is expected to buy $300 billion in computing power over roughly five years. Separately, CoreWeave signed a $11.9 billion, five-year deal with OpenAI ahead of its IPO.
Large-scale infrastructure is also expanding rapidly. The Stargate project — a joint venture between SoftBank, OpenAI, and Oracle — plans to invest up to $500 billion in AI data-centre infrastructure. Investor groups backed by Nvidia, Microsoft, and BlackRock are acquiring Aligned Data Centers in a $40 billion transaction.
Meta Platforms is also racing to secure compute capacity, signing a $14 billion deal with CoreWeave, negotiating a $20 billion cloud agreement with Oracle, and finalising a six-year, $10-plus-billion cloud deal with Google. Meta has additionally taken a $14.3 billion stake in Scale AI to strengthen its AI strategy.
Other notable agreements include Microsoft and Nvidia backing Anthropic with combined investments of up to $15 billion, Google committing $40 billion to new data centres in Texas, Tesla signing a $16.5 billion chip supply deal with Samsung, and Amazon doubling its investment in Anthropic to $4 billion.
As AI workloads scale rapidly, industry leaders are prioritising long-term access to chips, cloud platforms, and data centres, reshaping competitive dynamics across the global technology sector.
