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Chipmaker Nvidia will invest $100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT.

Per the letter of intent signed by the companies, the first gigawatt of Nvidia systems will be deployed in the second half of 2026. Nvidia and OpenAI said they would be finalizing the details of the arrangement in the coming weeks.

“This partnership complements the deep work OpenAI and Nvidia are already doing with a broad network of collaborators, including Microsoft, Oracle, SoftBank and Stargate partners, focused on building the world’s most advanced AI infrastructure,” the companies said in a release. Those companies pledged to invest at least $100 billion in building data centers for OpenAI in January.

The Nvidia-OpenAI partnership also comes about 10 days after OpenAI said it had reached a new tentative agreement that will give Microsoft a $100 billion equity stake in its for-profit corporation. OpenAI is technically controlled by its nonprofit.

Speaking on CNBC, OpenAI CEO Sam Altman said the new data centers that Nvidia will build are in addition to the previously announced projects.

“Building this infrastructure is critical to everything we want to do,” Altman said. “Without doing this, we cannot deliver the services people want. We can’t keep making better models.”

He said both Nvidia and Microsoft are “passive investors,” and OpenAI’s nonprofit and board controls the company.

OpenAI was founded as a nonprofit in 2015 and its nonprofit board has continued to control the for-profit subsidiary that now develops and sells its AI products.

OpenAI’s corporate structure and nonprofit mission are the subject of a lawsuit brought by Elon Musk, who helped found the nonprofit research lab and provided initial funding. Musk’s suit seeks to stop OpenAI from taking control of the company away from its nonprofit and alleges it has betrayed its promise to develop AI for the benefit of humanity.

Earlier this month, the attorneys general of California and Delaware warned OpenAI that they have “serious concerns” about the safety of ChatGPT, especially for children and teens.

The two state officials, who have unique powers to regulate nonprofits such as OpenAI, noted “deeply troubling reports of dangerous interactions between” chatbots and their users, including the suicide of one young Californian after he had prolonged interactions with an OpenAI chatbot. The parents of the 16-year-old California boy, who died in April, sued OpenAI and its CEO, Sam Altman, last month.

OpenAI says it has 700 million weekly active users.

Also, just last week Nvidia announced that it was investing $5 billion in fellow chipmaker Intel, which has struggled to keep up with the frenzied demand for artificial intelligence.

Two of the nation’s biggest real estate services companies are combining in a deal that will bring Century 21, Compass and several other major brokerage brands under the same umbrella.

New York-based Compass has agreed to acquire rival Anywhere Real Estate in an all-stock transaction that will create a combined company with a total value of roughly $10 billion, including debt, the companies said Monday.

Shares in Anywhere Real Estate soared more than 45% in afternoon trading Monday. Compass shares slid about 16%.

Compass runs a platform for use by real estate agents in customer relationship management, marketing and other tasks. It also operates its namesake real estate brokerage and Christie’s International Real Estate.

Anywhere Real Estate is home to several major real estate brokerage brands: Century 21, Better Homes and Gardens, Coldwell Banker, Corcoran, ERA and Sotheby’s International Realty. The Madison, New Jersey-based company also operates relocation, title and settlement businesses.

The merger, which has the approval of each companies’ board of directors, will boost Compass’ network of real estate agents around the globe from about 40,000 to about 340,000, Compass said. The company also expects to add over $1 billion in revenue from Anywhere’s escrow, title and other businesses, and expects the deal to help lower costs and increase its cash flow.

By sharply increasing the number of real estate agents in its network, Compass will also be able to potentially broaden the use of its platform to market home listings on a limited basis before they hit the broader marketplace, That practice is known as a pocket listing or office exclusive and is currently at the center of a legal tussle between Compass and home listing portal Zillow.

“By bringing together two of the best companies in our industry, while preserving the unique independence of Anywhere’s leading brands, we now have the resources to build a place where real estate professionals can thrive for decades to come,” Robert Reffkin, Compass’ CEO and founder said in a statement.

Under the terms of the deal, Anywhere shareholders will receive about 1.4 shares in Compass, which values Anywhere’s shares at $13.01 each. That translates to a total of $1.45 billion, going by the number of outstanding shares of Anywhere, according to FactSet, and represents a roughly 84% premium over Anywhere’s closing stock price Friday.

The deal is the latest example of consolidation in the residential real estate sector, which has been grappling with a multiyear U.S. housing slump deepened by elevated mortgage rates and rising home prices that have kept many buyers frozen out of the market.

In March, mortgage company Rocket Cos. agreed to acquire competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after acquiring real estate listing company Redfin in an all-stock deal valued at $1.75 billion.