Nvidia CEO pushes back against report his company’s $100B OpenAI investment stalled


Nvidia CEO Jensen Huang said on Saturday that a recent report of friction between his company and OpenAI was “nonsense.”

Huang’s comments came after The Wall Street Journal published a story on Friday claiming that Nvidia looks to recoup its investment in OpenAI. The two companies announced a plan in September where Nvidia to invest up to $100 billion in OpenAI and also built 10 gigawatts of computing infrastructure for the AI ​​company.

However, the WSJ said that Huang began to emphasize that the agreement was not onerous, and that he also privately criticized OpenAI’s business strategy and expressed concerns about competitors such as Anthropic and Google.

The WSJ also reported that the two companies are rethinking their relationship – although that does not mean completely cutting things off, with recent discussions reportedly focusing on an equity investment of only ten billion dollars from Nvidia.

An OpenAI spokesperson told the WSJ that the companies are “actively working through the details of our partnership,” adding that Nvidia “has supported our developments from the beginning, powers our systems today, and will remain at the center as we measure what’s next.”

According to Bloomberg, reporters asked Huang about the report on the visit to Taipei. In response, he insists Nvidia will “definitely participate” in OpenAI’s latest funding round “because it’s a great investment,” according to Bloomberg.

“We will invest a large amount of money,” said Huang. “I believe in OpenAI. The work they are doing is amazing. They are one of the most important companies of our time.”

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He apparently declined to specify how much Nvidia would invest, instead saying, “Let (OpenAI CEO Sam Altman) announce how much he’s going to raise — he’ll decide.”

The WSJ reported in December that OpenAI is looking to raise a $100 billion funding roundwhile The New York Times said this week that Nvidia, Amazon, Microsoft, and SoftBank are all in talks potential investment.



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