Nvidia CEO Denies $100B OpenAI Investment Stalled in New Report
Nvidia’s CEO Jensen Huang has dismissed recent claims regarding tensions with OpenAI as “nonsense.” His remarks follow a report from The Wall Street Journal that suggested Nvidia might reduce its $100 billion investment plan in OpenAI.
Background on Nvidia and OpenAI Partnership
In September, Nvidia revealed a significant initiative to invest up to $100 billion in OpenAI, along with plans to create 10 gigawatts of computing infrastructure for the AI company. Despite the recent concerns, Huang emphasized that the agreement remains nonbinding.
Concerns and Criticism
The Wall Street Journal indicated that Huang has raised concerns regarding OpenAI’s business strategies. He also shared worries about competition from other companies like Anthropic and Google. Current discussions between Nvidia and OpenAI reportedly consider a reduced investment of tens of billions of dollars, rather than the previously announced figure.
OpenAI’s Response
- An OpenAI representative stated that both companies are continually working on the partnership’s details.
- The spokesperson acknowledged Nvidia’s critical role in powering OpenAI’s systems.
Future Investments
During an event in Taipei, Huang confirmed Nvidia’s commitment to participating in OpenAI’s latest funding round, labeling it an “excellent investment.” He remarked, “We will invest a great deal of money,” and praised OpenAI as a vital player in today’s technological landscape.
Huang opted not to divulge the specific amount Nvidia would invest, suggesting it be left to OpenAI CEO Sam Altman to announce details. Reports from December indicated that OpenAI had plans for a $100 billion funding round. Additionally, discussions about potential investments involve other tech giants like Amazon, Microsoft, and SoftBank.
Conclusion
The initial projection of a $100 billion investment from Nvidia to OpenAI remains uncertain. Huang’s comments indicate that while the partnership is under assessment, Nvidia continues to see value in its collaboration with OpenAI. As negotiations progress, updates on the investment figures and terms are anticipated.
