Nvidia plans to make a “huge” investment in OpenAI, which could become the largest deal in the chipmaker’s history, according to CEO Jensen Huang. Huang rejected reports suggesting he was unhappy with the creator of ChatGPT.
Speaking to reporters in Taipei on Saturday, Huang dismissed claims of dissatisfaction with OpenAI as “nonsense,” according to coverage from Reuters and Bloomberg.
“We are going to make a huge investment in OpenAI,” Huang said. “I believe in OpenAI. The work they do is incredible, and they are one of the most consequential companies of our time.”
Nvidia announced in September that it was considering an investment of up to $100 billion in OpenAI. The proposed deal would provide the AI firm with significant funding, along with access to Nvidia’s advanced chips, which are critical for maintaining its competitive position in the artificial intelligence sector.
However, a report published Friday by The Wall Street Journal suggested the plan had slowed amid internal uncertainty. The report said Huang had privately told industry contacts that the original $100 billion proposal was non-binding and had not been finalized.
According to the report, Huang had also expressed concerns about what he viewed as limited financial discipline at OpenAI and rising competition from rivals such as Google and Anthropic.
Addressing those claims, Huang confirmed that Nvidia will take part in OpenAI’s current funding round. “Sam is closing the round and we will absolutely be involved,” he said, referring to OpenAI CEO Sam Altman. “We will invest a great deal of money, probably the largest investment we’ve ever made.”
When asked whether the investment would exceed $100 billion, Huang denied that possibility. He added that the final amount being raised would be announced by Altman.
