Jensen Huang in Taipei responds to WSJ leak: No dissatisfaction with OpenAI, no promise to invest 100 billion dollars

Nvidia CEO Jensen Huang recently stated in an interview in Taipei that Nvidia will participate in the latest funding round of OpenAI and described the investment as “possibly the largest in the company’s history.” However, he emphasized that the widely rumored $100 billion investment plan is not a promise, and the actual investment will be carried out through a phased evaluation and incremental investment approach.

Huang pointed out that Nvidia’s investment in OpenAI will be substantial but will not approach $100 billion. He did not disclose specific figures, only stating that it will be a significant investment. Huang said, “I have great confidence in OpenAI. What they are doing is incredible and they are one of the most influential companies of this era. As for the fundraising amount, let Sam Altman announce it himself—that’s his decision.”

WSJ: Nvidia’s $100 billion investment plan for OpenAI stalls

The Wall Street Journal disclosed that Nvidia’s original plan to invest up to $100 billion in OpenAI has stalled. Sources familiar with the matter indicated that the plan caused internal concerns within Nvidia, with some expressing worries about the scale and structure of the deal, leading to negotiations breaking down.

Last September, both parties announced the signing of a memorandum of understanding, planning for Nvidia to invest up to $100 billion to help build a new generation of AI data centers and related infrastructure for OpenAI. The goal was to create a 10 GW (billion-watt) level of computing power, equivalent to New York City’s peak electricity demand, with full adoption of Nvidia’s AI chips.

Huang Huang denies dissatisfaction with OpenAI

However, WSJ pointed out that both sides are currently reevaluating the cooperation model. One possible scenario is that Nvidia will only invest a few hundred million dollars in this round of OpenAI’s fundraising, rather than the originally planned total of $100 billion. In response, Nvidia only said that the company has been OpenAI’s preferred partner for the past 10 years and looks forward to continued cooperation but did not specify the progress of negotiations; OpenAI did not immediately respond to requests for comment.

The next day, Huang further clarified in Taipei that the $100 billion was never a binding promise. He said, “That was never a promise. They invited us to invest up to $100 billion, and we are very honored, but we will evaluate round by round.”

Regarding rumors that he privately felt dissatisfied with OpenAI’s operational discipline and competitive stance, Huang outright dismissed them as nonsense. He reiterated that Nvidia will still invest heavily in this round of OpenAI’s fundraising, just not approaching $100 billion.

Currently, OpenAI is seeking to raise up to $100 billion in its latest funding round, with market rumors indicating that investors involved include Amazon, Microsoft, and SoftBank. Additionally, sources revealed that OpenAI’s potential valuation could range between $750 billion and $830 billion.

However, since OpenAI is also a key customer for Nvidia’s advanced AI chips, Nvidia’s large-scale investment plan has once again sparked market doubts about “cyclical AI investment.” Tech companies invest in AI startups, which then purchase large quantities of chips and computing services from them. Similar situations have recently appeared in Nvidia’s investment in cloud computing provider CoreWeave. Regarding these concerns, Huang has responded multiple times in the past, believing that such investments only account for a small part of overall capital needs and denying that they artificially inflate AI demand.

This article, Jensen Huang’s Taipei response to WSJ rumors: No dissatisfaction with OpenAI, no promise to invest $100 billion, originally appeared on Chain News ABMedia.