The chief executive of Nvidia is clarifying the chipmaker’s investment intentions for OpenAI, as the ChatGPT maker gears up for a new funding round.
Over the weekend, reports emerged that talks about Nvidia’s $100 billion investment in OpenAI have stalled, as CEO Jensen Huang raised concerns about the AI giant’s business discipline.
In a press interview in Taiwan, Huang said the reported concerns are “nonsense,” saying that Nvidia will make a huge investment in OpenAI. Huang added that Nvidia will “invest a great deal of money,” probably larger than the $20 billion it paid for a non-exclusive licensing agreement with the chip designer Groq in December.
In a new interview in Taiwan, Huang says Nvidia never said it would invest $100 billion in OpenAI.
“We never said we were going to invest $100 billion in one round. They invited us to invest up to $100 billion. And, of course, we were very happy and honored.”
In September, reports surfaced that Nvidia had an agreement to invest up to $100 billion in OpenAI, on top of 10 gigawatts of new compute capacity. But the Wall Street Journal recently reported that the agreement was non-binding and not finalized, citing people familiar with the matter.
Recently, OpenAI CEO Sam Altman was reported to be in talks with top investors in the Middle East to secure a $50 billion funding round. In late January, Nvidia, Amazon and Microsoft were reported to be in discussion to collectively invest up to $60 billion in OpenAI.
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