Nvidia CEO Confirms 'Huge' OpenAI Investment, Denies Rumors

Huang Reaffirms OpenAI Partnership

Nvidia CEO Jensen Huang has publicly refuted reports of dissatisfaction with OpenAI, calling the rumors "nonsense." Speaking in Taipei, he confirmed Nvidia plans a "huge" investment in the AI firm, praising the "incredible" work by OpenAI and its CEO, Sam Altman.

Addressing Market Speculation

Huang's comments counter a Wall Street Journal report claiming the investment plan had stalled. The report alleged Huang was privately critical of OpenAI's business approach. Huang clarified that Nvidia "will absolutely be involved" in OpenAI's current funding round, dispelling uncertainty about the partnership.

Investment Scale Clarified

While confirming a significant commitment, potentially Nvidia's largest ever, Huang dismissed the specific $100 billion figure from his company. He stated the final amount depends on OpenAI's funding goals. This comes as OpenAI reportedly seeks up to $100 billion in total funding from multiple investors.

Summary

Nvidia has solidified its strategic alliance with OpenAI, reinforcing the critical link between its advanced chips and leading AI models. The market now awaits the official announcement of OpenAI's funding round, with Nvidia confirmed as a key participant.

FAQ

Q: Is Nvidia investing $100 billion in OpenAI?
A: No. CEO Jensen Huang denied the $100 billion figure from Nvidia but confirmed a "huge investment" is planned.

Q: Why did Jensen Huang make this statement?
A: To counter a media report that claimed he was unhappy with OpenAI and that a major investment deal had stalled.

Source: Investing.com