Nvidia CEO Jensen Huang addressed market speculation in Taipei this week, categorically denying reports that he expressed unhappiness regarding the company's relationship with OpenAI. Huang confirmed that Nvidia plans to proceed with what he termed a "huge" investment in the ChatGPT developer, according to reports provided to The Verge.
The clarification follows earlier, unsubstantiated suggestions that a previously discussed investment structure with OpenAI might have stalled or been re-evaluated. Huang dismissed these rumors as "nonsense" while speaking to reporters during a technology event in Taiwan.
When directly questioned about the previously circulated figure of a $100 billion investment, Huang stated clearly, "No, nothing like that," providing a necessary correction to the scale of the potential capital deployment. This indicates a significant downward revision from the maximum figure that had been circulating in financial media.
Despite the correction on the specific amount, Huang reaffirmed strong institutional support for the generative AI developer. He told reporters that he believes the work OpenAI conducts is "incredible" and views them as "one of the most consequential companies of our time."
Furthermore, Huang specifically endorsed OpenAI CEO Sam Altman, noting his enthusiasm for the ongoing collaboration between the two technology entities. He mentioned that Altman is currently finalizing the investment round and that Nvidia will "absolutely be involved."
Huang elaborated on the commitment, stating that Nvidia intends to contribute "a great deal of money," potentially positioning it as the largest single investment the semiconductor firm has ever undertaken. This commitment underscores the strategic importance Nvidia places on securing a deep partnership within the frontier AI ecosystem.
This development solidifies Nvidia's position not only as a critical supplier of high-performance computing hardware but also as a strategic financial backer of foundational AI model development. The continued investment secures access and insight into one of the industry’s fastest-moving research organizations.
The coming months will reveal the finalized terms of this substantial capital injection and how it aligns with Nvidia's broader strategy to power the next generation of large language models and enterprise AI applications.
