Nvidia (NVDA.US) CFO: The deal with OpenAI has not yet been finalized, and the $500 billion order is not included

Zhitong Finance App learned that at the UBS Global Technology and Artificial Intelligence Conference held on Tuesday, Nvidia (NVDA.US) Chief Financial Officer Colette Kress said that the company's deal with OpenAI has not yet been finalized.

Responding to questions about the deal, Kress said, “We still haven't finalized a final agreement, but we're working with them.” Nvidia disclosed in a securities filing last month that its deal with the ChatGPT maker has yet to be completed.

Kress also pointed out that the widely quoted order data for its Blackwell and Vera Rubin series GPU product lines of 500 billion US dollars did not include transactions with OpenAI. Nvidia CEO Hwang In-hoon previously said that the $500 billion data also did not include recent deals with other companies such as Anthropic.

In addition to news related to OpenAI, Kress said that the technology sector is undergoing three major transformations, all of which are beneficial to Nvidia: the shift in the technology stack from relying on CPUs to GPUs; the development of artificial intelligence and AI agents; and other trends such as recommendation engines. She also mentioned that another deal will be announced, and that deal was not included in the $500 billion revenue data quoted at the recent GTC conference.

Kress also said that the company is “very excited” about its Grace Blackwell line of products and that competitors have not caught up with Nvidia, despite reports that Google may sell its Tensor Processing Unit (TPU) abroad.

Recently, thanks to the successful release of Gemini 3, the latest seventh-generation tensor processing unit (TPU) “Ironwood” launched by Google in April has received an accelerated rise in industry attention, and TPU has set off industry trends.

Last week, Nvidia said it was “happy” with Google's success and will continue to supply its GPUs to the search giant. However, the company added that its technology “leads the industry generation” and is “the only platform that can run all AI models on any computing device.”