Nvidia CEO Jensen Huang stated on Saturday that a recent report about tensions between his company and OpenAI is “nonsense.”
Huang’s remarks followed a Wall Street Journal story that claimed Nvidia was considering reducing its investment in OpenAI. In September, the two companies announced a plan for Nvidia to invest up to $100 billion in OpenAI and develop 10 gigawatts of computing infrastructure for the AI firm.
According to the WSJ, Huang has started emphasizing that the deal is nonbinding and has privately criticized OpenAI’s business strategy, as well as expressed concerns about competitors like Anthropic and Google.
The report also indicated that the two companies are reevaluating their partnership, though this doesn’t mean they’re severing ties completely. Discussions have recently centered on an equity investment from Nvidia in the range of tens of billions of dollars.
An OpenAI spokesperson told the WSJ that the companies are “actively working through the details of our partnership,” noting that Nvidia “has underpinned our breakthroughs from the start, powers our systems today, and will remain central as we scale what comes next.”
During a visit to Taipei, reporters asked Huang about the WSJ report. He assured them that Nvidia will “definitely participate” in OpenAI’s new funding round, calling it “such a good investment.”
“We will invest a great deal of money,” Huang stated. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.”
He did not specify the investment amount, saying, “Let [OpenAI CEO Sam Altman] announce how much he’s going to raise — it’s for him to decide.”
The WSJ reported back in December that OpenAI aims to secure a $100 billion funding round, while The New York Times indicated this week that Nvidia, Amazon, Microsoft, and SoftBank are all in discussions for potential investments.
