Nvidia CEO Jensen Huang has dismissed recent claims of friction between Nvidia and OpenAI as “nonsense.” His statements followed a report from The Wall Street Journal, which suggested that Nvidia might reduce its $100 billion investment commitment to OpenAI, aimed at bolstering the AI firm’s computing infrastructure.
The original agreement, disclosed in September, involved Nvidia providing up to $100 billion in funding as well as developing 10 gigawatts of computing capacity for OpenAI. However, Huang is reportedly emphasizing the nonbinding nature of this deal, while expressing concerns over OpenAI’s strategies and competition from other AI players like Anthropic and Google.
Despite these criticisms, recent discussions indicate that Nvidia is still considering an equity investment amounting to several billion dollars. An OpenAI spokesperson confirmed that the two companies are “actively working through the details of our partnership,” highlighting Nvidia’s integral role in powering OpenAI’s advancements.
During his visit to Taipei, Huang affirmed Nvidia’s commitment to participate in OpenAI’s next funding round, referring to it as a “great investment.” He praised OpenAI’s work, calling the company “one of the most consequential of our time,” though he refrained from specifying the investment sum, stating it’s up to OpenAI CEO Sam Altman to announce the details.
As reported by Bloomberg, the recent financial discussions come amidst growing interest from major investors, including Amazon, Microsoft, and SoftBank, all eyeing potential participation in OpenAI’s estimated $100 billion funding round.
