Nvidia CFO predicts frontier AI labs like OpenAI will become the largest tech companies in history

Nvidia’s chief financial officer Colette Kress has made a bold prediction about the future of the technology industry: frontier AI labs, the companies building the most advanced AI models, will become the largest tech companies in history. Coming from the CFO of a company that is simultaneously the primary GPU supplier to those labs and an active investor in their infrastructure, the statement is equal parts forecast and sales pitch. But the numbers backing it up are hard to ignore. The scale of what Nvidia is describing Kress framed frontier AI labs as “proven companies with rapidly growing customer use,” a characterization that carries weight when you look at the financial commitments flowing through Nvidia’s books. Nvidia currently has $500 billion in bookings for its Blackwell and Rubin chip architectures through 2026. The striking part: those bookings don’t include any OpenAI-related collaborations. OpenAI’s business with Nvidia sits entirely on top of that half-trillion-dollar pile. CEO Jensen Huang put some scale on what OpenAI alone could mean. He estimated that OpenAI’s existing and future deployments could represent around 12 gigawatts of computing demand, with potential ...