Nvidia’s Jensen Huang Dismisses WSJ Report, Pledges ‘Huge’ Investment in OpenAI

Quashing a Wall Street Journal report claiming that NVIDIA was looking to scale back its investment in OpenAI, CEO Jensen Huang said the company plans to make a “huge” investment in the ChatGPT maker, likely its largest ever.

Calling the report “nonsense”, Huang denied suggestions that he was unhappy with OpenAI.

The two companies announced plans in September under which NVIDIA would invest up to $100 billion in OpenAI and build 10 gigawatts of computing infrastructure for the AI firm. The arrangement would provide OpenAI with the capital and access needed to purchase advanced chips, crucial to maintaining its lead in an increasingly competitive AI landscape.

However, Huang had reportedly begun stressing the non-binding nature of the deal, while also privately criticising OpenAI’s business strategy and raising concerns about rivals such as Anthropic and Google.

The report added that the companies were rethinking aspects of their relationship—though not severing ties entirely—with recent discussions said to be centred on an equity investment of only tens of billions of dollars from NVIDIA.

Speaking to reporters in Taipei, Huang said, “We are going to make a huge investment in OpenAI. I believe in OpenAI; the work they do is incredible. They are one of the most consequential companies of our time, and I really love working with Sam,” referring to OpenAI CEO Sam Altman.

“Sam is closing the round, and we will absolutely be involved,” Huang added. “We will invest a great deal of money, probably the largest investment we’ve ever made.”

Asked whether the investment would exceed $100 billion, Huang replied, “Nothing like that,” adding that it was up to Altman to announce how much OpenAI intended to raise.

OpenAI is seeking to raise up to $100 billion in funding, valuing the company at around $830 billion, Reuters previously reported.