Nvidia CEO Jensen Huang dismissed a recent report of friction between his company and OpenAI as nonsense. His comments followed a Wall Street Journal story claiming Nvidia was looking to scale back its investment in OpenAI. The two companies had announced a plan in September for Nvidia to invest up to $100 billion in OpenAI and build substantial computing infrastructure for the AI firm.
However, the Journal reported that Huang has begun emphasizing the deal is nonbinding. The report also stated he has privately criticized OpenAI’s business strategy and expressed concerns about competitors like Anthropic and Google. It further indicated the companies are rethinking their relationship, though not cutting ties entirely, with recent discussions focusing on a potential equity investment of tens of billions of dollars from Nvidia.
An OpenAI spokesperson told the Journal that the companies are actively working through the details of their partnership. The spokesperson added that Nvidia has underpinned their breakthroughs from the start, powers their systems today, and will remain central as they scale.
According to Bloomberg, Huang addressed the report during a visit to Taipei. He insisted Nvidia will definitely participate in OpenAI’s latest funding round because it is such a good investment. Huang stated they will invest a great deal of money, expressing his belief in OpenAI. He called the company’s work incredible and said they are one of the most consequential companies of our time.
Huang declined to specify the investment amount, saying it was for OpenAI CEO Sam Altman to announce how much he plans to raise. The Wall Street Journal reported in December that OpenAI is looking to raise a $100 billion funding round. The New York Times said this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.