Nvidia ( NVDA ) announced on Tuesday that it is forming a partnership with AI firm Thinking Machines Lab that will see the chipmaker provide the company with more than 1 gigawatt of value from its next-generation Vera Rubin chips.
In a joint statement, Nvidia and Thinking Machines said the processors will be deployed early next year. The agreement calls for the two to “design training and servicing systems for Nvidia’s architecture and provide broad access to Frontier AI and open models for enterprises, research institutions and the scientific community.”
Thinking Machines CEO Mira Moratti founded the company in 2025 after stepping down as CTO at OpenAI in 2024. She briefly served as the company’s CEO when Sam Altman stepped down from its board in 2023.
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“Nvidia technology is the foundation on which the entire field is built,” Marathi said in a statement. “This partnership accelerates our ability to create AI that people can shape and create themselves, as it in turn shapes human potential.”
Under the terms of the deal, Nvidia is also making “significant investments” in ThinkPad to “support the company’s long-term growth.” The companies did not disclose the amount of investment.
Nvidia has been on a deal-making spree lately. On March 2, it announced agreements with Coherent ( COHR ) and Lumentum ( LITE ) to develop optical technologies. In February, the company said it was entering into a major multi-year, multi-generational partnership with META. OpenAI also revealed that Nvidia will invest $30 billion in the company as part of a $110 billion funding round.
However, the Thinking Machines deal is also likely to raise concerns about circular investment in the AI industry, in which companies like Nvidia, AMD, and others invest in AI startups that then use those businesses to buy processors from chip companies.
This, it is thought, will then drive artificial demand for AI chips and infrastructure. But Nvidia and others have pushed back against that claim.
For its third quarter, Nvidia posted earnings of $1.30 per share on revenue of $57.01 billion, easily topping analysts’ expectations and surpassing 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 had expected $62 billion.
