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

Nvidia CEO Jensen Huang mentioned Saturday {that a} latest report of friction between his firm and OpenAI was “nonsense.”

Huang’s feedback got here after The Wall Road Journal printed a narrative late Friday claiming that Nvidia was seeking to reduce its funding in OpenAI. The 2 firms introduced a plan in September wherein Nvidia would make investments as much as $100 billion in OpenAI and in addition construct 10 gigawatts of computing infrastructure for the AI firm.

Nonetheless, the WSJ mentioned Huang has begun emphasizing that the deal is nonbinding, and that he’s additionally privately criticized OpenAI’s enterprise technique and expressed considerations about rivals like Anthropic and Google.

The WSJ additionally reported that the 2 firms are rethinking their relationship — although that doesn’t imply slicing issues off completely, with latest discussions reportedly specializing in an fairness funding of a mere tens of billions of {dollars} from Nvidia.

An OpenAI spokesperson instructed the WSJ that the businesses are “actively working by means of the main points of our partnership,” including that Nvidia “has underpinned our breakthroughs from the beginning, powers our techniques at the moment, and can stay central as we scale what comes subsequent.”

In keeping with Bloomberg, reporters requested Huang in regards to the report throughout a go to to Taipei. In response, he insisted that Nvidia will “positively take part” in OpenAI’s newest funding spherical “as a result of it’s such an excellent funding,” based on Bloomberg. 

“We are going to make investments a substantial amount of cash,” Huang mentioned. “I imagine in OpenAI. The work that they do is unbelievable. They’re probably the most consequential firms of our time.”

He apparently declined to specify how a lot Nvidia could be investing, as a substitute saying, “Let [OpenAI CEO Sam Altman] announce how a lot he’s going to lift — it’s for him to determine.”

The WSJ reported in December that OpenAI is seeking to elevate a $100 billion funding spherical, whereas The New York Occasions mentioned this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.