Nvidia signals record OpenAI investment while distancing itself from $100bn figure
Jensen Huang says the chipmaker will commit more capital than ever to the ChatGPT developer, pushing back against reports of internal unease over the scale and structure of the deal.
Nvidia plans to make its largest-ever investment into OpenAI, its chief executive Jensen Huang has said, rejecting suggestions that the company has cooled on the ChatGPT maker.
Speaking to reporters in Taipei, Huang said claims that he was unhappy with OpenAI were unfounded and described the company as one of the most consequential businesses of the current era.
He said Nvidia would be a major participant in OpenAI’s current funding round, which is being led by its chief executive, Sam Altman.
Huang added that the investment would be substantial and likely exceed any previous commitment made by Nvidia, although he ruled out a figure anywhere near $100 billion.
In September, Nvidia said it was prepared to invest up to $100 billion in OpenAI, a headline number that would have secured long term access to advanced chips critical for training large AI models.
That plan was later reported by The Wall Street Journal to have stalled amid internal concerns, with Huang privately stressing that the earlier figure was non-binding.
The report also said Huang had criticised what he saw as a lack of financial discipline at OpenAI and flagged rising competition from rivals, including Google and Anthropic.
Huang dismissed those claims while confirming that the final size of the round would be determined by Altman.
Reuters has reported that Amazon is separately in talks to invest up to $50 billion, as OpenAI seeks as much as $100 billion at a valuation of about $830 billion.
Huang was speaking during a visit to Taiwan, where he hosted Nvidia’s key suppliers, including TSMC, at a high-profile industry dinner.
