Nvidia CEO Jensen Huang shuts down speculation about the company’s relationship with OpenAI, saying reports of hesitation or pullback are wrong.
Speaking in a press interview in Taiwan, Huang pushes back on reports that talks centered on Nvidia’s up to $100 billion investment in OpenAI have stalled, with sources saying that he’s concerned about the ChatGPT creator’s business discipline.
Huang says Nvidia remains fully committed to OpenAI.
“That’s nonsense. Yeah, that’s complete nonsense. We are going to make a huge investment in OpenAI. I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time, and I really love working with Sam [Altman].
We just haven’t made the investment in them because they’re closing their round. But we will definitely be involved in their next round. The next one meaning this one. Yeah, we’ll absolutely be involved in this round. Sam is closing the round, and we will absolutely be involved in the round.”
Last week, reports emerged that Nvidia, Amazon and Microsoft are in talks to deepen their financial backing of OpenAI in a funding round that could shatter $100 billion.
The Nvidia CEO takes his commitment a step further and says the chipmaker is gearing up to pour a massive sum of money into OpenAI.
“We will invest a great deal of money, probably the largest investment we’ve ever made.”
In December, Nvidia invested $20 billion in Groq in a non-exclusive licensing agreement for its inference technology. The deal marks the chipmaker’s largest finalized investment.
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