Nvidia CEO Jensen Huang dismisses reports of a stalled USD 100 billion OpenAI investment as “nonsense,” insisting the deal is on track.
TAIPEI: Nvidia chief executive Jensen Huang has dismissed reports that the company’s planned investment in OpenAI has stalled as “complete nonsense.”
Huang insisted the US tech giant remains committed to making a “huge” investment in the generative AI leader.
He made the remarks late Saturday after the Wall Street Journal reported that Nvidia’s plan to invest up to USD 100 billion in OpenAI had been put on ice.
The report cited unnamed sources who said some inside Nvidia had expressed doubts, prompting a rethink of the partnership.
“That’s complete nonsense. We are going to make a huge investment in OpenAI,” Huang told journalists when asked about reports of his dissatisfaction.
He described OpenAI as “one of the most consequential companies of our time” and confirmed Nvidia’s participation in the funding round being closed by CEO Sam Altman.
“We will invest a great deal of money, probably the largest investment we’ve ever made,” Huang stated.
Nvidia announced the USD 100 billion investment plan in September to build infrastructure for next-generation artificial intelligence.
The company dominates the market for processors needed to train and operate the large language models behind AI services.
Sales of its graphics processing units, originally developed for gaming, powered Nvidia’s market capitalisation past USD 5 trillion in October.
Large language model developers like OpenAI are funelling much of their own massive investment into Nvidia’s products to build data centres for anticipated AI demand.
