Nvidia CEO Denies Report of Stalled $100B OpenAI Investment
▼ Summary
– Nvidia CEO Jensen Huang dismissed a Wall Street Journal report of friction with OpenAI as “nonsense” and affirmed Nvidia’s commitment to invest.
– The WSJ report claimed Nvidia was scaling back its planned up to $100 billion investment and was privately critical of OpenAI’s strategy.
– Despite the report, Huang stated Nvidia will “definitely participate” in OpenAI’s funding round, calling it a “good investment” and praising the company.
– An OpenAI spokesperson confirmed the partnership details are being actively worked on and that Nvidia remains central to their operations.
– Reports indicate OpenAI is seeking a massive $100 billion funding round, with several major tech firms, including Nvidia, in discussions to invest.
Nvidia’s CEO has publicly dismissed a recent news report suggesting a significant cooling in the company’s planned multi-billion dollar partnership with OpenAI, calling the claims “nonsense” and reaffirming a strong commitment to the artificial intelligence leader. Jensen Huang made these remarks during a visit to Taipei, directly countering a Wall Street Journal story that indicated Nvidia might be scaling back its involvement.
The original report, published late Friday, suggested that Nvidia was reconsidering its relationship with OpenAI following a September announcement of a massive collaboration. That plan involved Nvidia investing up to $100 billion into OpenAI while also constructing substantial computing infrastructure for them. The Journal’s sources claimed Huang had begun to characterize the deal as nonbinding and had privately voiced criticisms of OpenAI’s business approach, alongside concerns about rivals such as Anthropic and Google.
Despite these alleged private reservations, Huang’s public comments were unequivocally supportive. He told Bloomberg that Nvidia will “definitely participate” in OpenAI’s upcoming funding round, describing it as “such a good investment.” “We will invest a great deal of money,” Huang stated. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” He deferred to OpenAI CEO Sam Altman on the specific investment amount, noting it was Altman’s decision to announce the final fundraising figures.
An OpenAI spokesperson addressed the situation by telling the Wall Street Journal that the two companies are “actively working through the details of our partnership.” The spokesperson emphasized Nvidia’s foundational role, stating the chipmaker “has underpinned our breakthroughs from the start, powers our systems today, and will remain central as we scale what comes next.”
The backdrop to this corporate dialogue is a monumental fundraising effort by OpenAI. Reports in December indicated the AI research organization is seeking to raise approximately $100 billion. Other technology giants, including Amazon, Microsoft, and SoftBank, are also reportedly in discussions about potential investments, highlighting the intense competition and high stakes in the advanced AI sector.
(Source: TechCrunch)
