Nvidia CEO Jensen Huang insists the firm’s massive investment in OpenAI is on track, dismissing reports of a stalled deal as “nonsense”.
TAIPEI: Nvidia chief executive Jensen Huang (pic) has insisted the US tech giant will make a “huge” investment in OpenAI.
He dismissed as “nonsense” recent reports that he is unhappy with the generative AI star and that the deal had been put on ice.
Huang made the remarks late Saturday in Taipei after the Wall Street Journal reported that Nvidia’s plan to invest up to USD 100 billion in OpenAI had been stalled.
The newspaper, citing unnamed sources, said some people inside Nvidia had expressed doubts and that the two sides were rethinking the partnership.
“That’s complete nonsense. We are going to make a huge investment in OpenAI,” Huang told journalists when asked about the reports.
He described OpenAI as “one of the most consequential companies of our time”.
“Sam is closing the round, and we will absolutely be involved in the round,” Huang said, referring to OpenAI chief executive Sam Altman.
“We will invest a great deal of money, probably the largest investment we’ve ever made.”
Nvidia announced the plan in September to invest USD 100 billion in OpenAI, building infrastructure for next-generation artificial intelligence.
The company dominates spending on the processors needed for training large language models behind chatbots like ChatGPT.
Sales of its graphics processing units powered the company’s market cap to over USD 5 trillion in October, although the figure has since fallen back by more than USD 600 billion.
LLM developers like OpenAI are directing much of their mammoth investment into Nvidia’s products, rushing to build GPU-stuffed data centres.
