Nvidia CEO Jensen Huang firmly denied any dissatisfaction with OpenAI on Saturday, while announcing plans for a substantial investment in the AI leader, likely marking the company’s largest commitment to date.
Addressing Recent Speculation
Huang’s comments come amid reports that an earlier proposal for Nvidia to invest up to $100 billion in OpenAI had encountered internal hurdles. Sources familiar with the discussions indicate that some executives at Nvidia raised concerns about the deal’s viability. Additionally, Huang has reportedly shared with industry contacts that the initial agreement remained non-binding and incomplete.
Huang has privately voiced reservations about OpenAI’s operational discipline and the intensifying rivalry from competitors such as Alphabet’s Google and Anthropic, according to those close to the situation.
Huang’s Strong Endorsement
Speaking to reporters outside a restaurant in Taipei, Huang dismissed the rumors as unfounded. “It is nonsense to suggest I am unhappy with OpenAI,” he stated. “We plan to make a huge investment in OpenAI. I believe in their mission; the work they do is incredible. They stand as one of the most influential companies of our era, and I truly enjoy collaborating with Sam Altman.”
Referring to OpenAI CEO Sam Altman, Huang added, “Sam is finalizing the funding round, and we will participate fully. We intend to invest a significant amount, probably our largest ever.” When pressed on whether the figure would exceed $100 billion, Huang clarified, “No, nothing like that.” He deferred details on the exact sum to Altman for announcement.
Broadening Investment Interest
Amazon is also negotiating a multibillion-dollar stake in OpenAI, potentially reaching $50 billion. The company aims to secure up to $100 billion in total funding, which would place its valuation around $830 billion.
Huang’s remarks followed a high-profile gathering he hosted for Nvidia’s major suppliers in Taiwan, including TSMC, the world’s leading contract chip manufacturer. Local media dubbed the event the “trillion-dollar dinner” due to the collective market value of the participants.
This investment would equip OpenAI with essential resources and access to cutting-edge chips, bolstering its position in the fast-evolving AI sector.
