Nvidia is likely set to make its “largest ever investment” in ChatGPT firm OpenAI, despite reports that the deal may be under threat in recent weeks. The chip giant’s CEO, Jensen Huang, didn’t say exactly how big the investment would be, but said it would be “nothing like” the $100 billion figure mentioned in the September partnership agreement.
“We will definitely participate in the next round of financing, because it’s such a good investment,” Huang told reporters at a press conference reported by Bloomberg.
Nvidia—currently the world’s most valuable company—produces much of the hardware that makes tools like ChatGPT and Sora work. Its hardware features prominently in the AI data centers that OpenAI is currently looking to invest hundreds of billions in building across the US, potentially using as much electricity as India in the process.
Huang’s recent statement comes after The Wall Street Journal claimed earlier this week that the deal was “on ice.” The Journal claimed that the chip giant’s CEO has privately criticized “a lack of discipline in OpenAI’s business approach” and voiced concerns about the competition it faces from the likes of Google and Anthropic.
But Huang told reporters it was “nonsense” to say he was unhappy with OpenAI, according to Bloomberg’s latest report. Some of the chip giant’s most senior figures have indicated that an official deal between the two companies has not yet been inked. In December, Nvidia CFO Colette Kress said that the company hadn’t completed a definitive agreement with OpenAI, the Journal notes.
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Nvidia’s CEO may not be the only one who is worried about the competition OpenAI is facing from other AI giants. In December, Altman reportedly sent employees a company-wide memo saying that OpenAI would pause work on other activities to focus on enhancing the day-to-day experience of ChatGPT, following Google’s Gemini 3 beating ChatGPT in various benchmarking tests.
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