Nvidia CEO pushes back against report that his company’s $100B OpenAI investment has stalled

Nvidia CEO Jensen Huang said Saturday that a caller study of friction betwixt his institution and OpenAI was “nonsense.”

Huang’s comments came aft The Wall Street Journal published a communicative precocious Friday claiming that Nvidia was looking to standard backmost its investment successful OpenAI. The 2 companies announced a program successful September successful which Nvidia would put up to $100 cardinal successful OpenAI and besides physique 10 gigawatts of computing infrastructure for the AI company.

However, the WSJ said Huang has begun emphasizing that the woody is nonbinding, and that he’s besides privately criticized OpenAI’s concern strategy and expressed concerns astir competitors similar Anthropic and Google.

The WSJ besides reported that the 2 companies are rethinking their narration — though that doesn’t mean cutting things disconnected entirely, with caller discussions reportedly focusing connected an equity concern of a specified tens of billions of dollars from Nvidia.

An OpenAI spokesperson told the WSJ that the companies are “actively moving done the details of our partnership,” adding that Nvidia “has underpinned our breakthroughs from the start, powers our systems today, and volition stay cardinal arsenic we standard what comes next.”

According to Bloomberg, reporters asked Huang astir the study during a sojourn to Taipei. In response, he insisted that Nvidia volition “definitely participate” successful OpenAI’s latest backing circular “because it’s specified a bully investment,” according to Bloomberg. 

“We volition put a large woody of money,” Huang said. “I judge successful OpenAI. The enactment that they bash is incredible. They’re 1 of the astir consequential companies of our time.”

He seemingly declined to specify however overmuch Nvidia would beryllium investing, alternatively saying, “Let [OpenAI CEO Sam Altman] denote however overmuch he’s going to rise — it’s for him to decide.”

The WSJ reported successful December that OpenAI is looking to rise a $100 cardinal backing round, portion The New York Times said this week that Nvidia, Amazon, Microsoft, and SoftBank are each discussing imaginable investments.