Nvidia CEO Jensen Huang has dismissed reports suggesting the company is backing away from a significant investment in OpenAI. Speaking in Taipei, Huang emphasized his support for the AI firm and indicated the deal could be Nvidia's largest ever, though not approaching the previously discussed $100 billion figure. This comes amid earlier announcements and recent speculation about the partnership's progress.
In September, Nvidia and OpenAI announced a collaboration where Nvidia would invest up to $100 billion to develop 10 gigawatts of AI data centers, with the initial phase slated to launch in the second half of 2026. The deal was described as nonbinding at the time.
Last Friday, The Wall Street Journal reported, based on sources close to the matter, that the two companies were reconsidering the agreement. The outlet claimed the negotiations had not advanced beyond early stages and that Huang had privately criticized OpenAI's business practices for lacking discipline.
Huang quickly rebutted these claims during a weekend appearance in Taipei. According to Bloomberg, he labeled the Wall Street Journal's story as "nonsense" and affirmed Nvidia's commitment. "I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time," Huang told reporters. He added that Nvidia intends to "invest a great deal of money" in OpenAI's ongoing funding round, potentially marking "the largest investment we've ever made."
However, Huang clarified that the investment for this round would fall well short of $100 billion. This development underscores ongoing tensions and high stakes in the AI sector, where major tech firms are racing to secure infrastructure for advanced computing needs. The partnership remains a key example of how hardware giants like Nvidia are fueling the growth of leading AI developers.
