NVIDIA CEO Refutes Report on $100B OpenAI Investment Stalling

Nvidia CEO Jensen Huang dismissed recent reports of friction between his company and OpenAI as "nonsense" in comments made on Saturday.

Huang's remarks followed a Friday evening article by The Wall Street Journal, which claimed Nvidia was considering scaling back its investment in OpenAI. The two companies had announced a plan in September for Nvidia to invest up to $100 billion and build 10 gigawatts of computing infrastructure for the AI firm.

However, The Wall Street Journal reported that Huang had begun emphasizing the non-binding nature of the agreement, privately criticized OpenAI's business strategy, and expressed concerns about competitors like Anthropic and Google.

The Journal also reported that the companies were reconsidering their relationship—though not a complete severance—with recent discussions allegedly focusing on Nvidia making a multi-billion dollar equity investment instead of the full planned amount.

An OpenAI spokesperson told The Wall Street Journal that the companies were "actively working through the details of our partnership," adding that Nvidia had "supported our breakthrough from the start, powers our systems today, and will continue to play a central role as we scale the future."

According to Bloomberg, Huang was asked about the report during a visit to Taipei. In response, he insisted Nvidia would "definitely participate" in OpenAI's latest funding round because it is a very good investment.

"We will invest a lot of money," Huang said. "I believe in OpenAI. Their work is incredible. They are one of the most important companies of our time."

He notably declined to specify the exact investment amount, stating, "Let [OpenAI CEO Sam Altman] announce how much he's going to raise—that's his decision."