“We will invest a great deal of money,” Huang told reporters while visiting Taipei last Saturday. “I believe in OpenAI. The work they are doing is amazing. They are one of the most important companies of our time.” Huang did not say how much the company might contribute but described the investment as “huge.”

“Sam will announce how much he will raise — he will decide,” Huang said, adding that Altman is in the process of closing the round. “But we will definitely participate in the next round of financing because it is a good investment.”

The Wall Street Journal reported on Friday that a plan announced by Nvidia in September to invest up to $100 billion in OpenAI as a whole has been put on hold after some inside the chip giant expressed doubts about the deal. Citing unidentified people familiar with the matter, the Journal reported that Huang has privately stressed that the $100 billion deal is non-binding, privately criticized what he described as a lack of discipline in OpenAI’s business approach and expressed concerns about competition.

When asked by a reporter in Taipei about the report that seemed to suggest he was unhappy with OpenAI, Jensen said, “That’s nonsense.” Huang said Nvidia’s contribution to OpenAI’s latest round of funding will not approach $100 billion.

Nvidia’s big investment commitment in OpenAI, a key buyer of advanced AI chips, has fueled concerns about the circular nature of AI deals over the past year. Investors are increasingly skeptical of how these partnerships — where tech companies invest in AI businesses that buy their products — could be artificially boosting demand. In a different deal, Nvidia recently announced plans to invest an additional $2 billion in CoreWeave Inc., a cloud computing provider that is also a key customer.

As part of a letter of intent signed in September, Nvidia said it plans to invest up to $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure. The deal is designed to help OpenAI build data centers with a capacity of at least 10 gigawatts of power – equivalent to the peak electricity demand of New York City – equipped with advanced Nvidia chips to train and use AI models.

OpenAI aims to raise up to $100 billion in its current funding round, according to a person familiar with the matter, who asked not to be identified because the discussions are private. Amazon is in talks to invest up to $50 billion in fundraising and expand a deal involving the sale of computing power to the AI ​​startup, the person said Thursday.

Altman is also meeting with leading investors in the Middle East to line up funding for the round, which could value the company at around $750 billion to $830 billion, people familiar with the matter said earlier in January, while asking not to be identified because the information is not public. Microsoft The Corp. are in discussions to join as well, Information previously reported.