Huang Renxun responds to foreign media reports: Nvidia is not dissatisfied with OpenAI, nor has it promised to invest 100 billion USD

Nvidia CEO Jensen Huang confirms that NVIDIA will invest in OpenAI but denies a $100 billion commitment, instead opting for phased evaluations. The halted billion-dollar plan has raised concerns about cyclical investments.

During a recent interview in Taipei, Jensen Huang stated that NVIDIA will participate in OpenAI’s latest funding round 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 actual investments will proceed through gradual assessment and incremental funding.

Huang pointed out that NVIDIA’s investment in OpenAI will be substantial but not close to $100 billion. He did not disclose specific figures, only noting that it will be a significant investment. Huang said, “I have great confidence in OpenAI. What they are doing is incredible and 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 reports that NVIDIA’s original plan to invest up to $100 billion in OpenAI has stalled. Sources familiar with the matter say the plan has 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 a memorandum of understanding to collaborate, with NVIDIA planning to invest up to $100 billion to help build next-generation AI data centers and related infrastructure. The goal was to develop a 10 GW (billion-watt) computing capacity, comparable to New York City’s peak electricity demand, fully utilizing NVIDIA’s AI chips.

Huang Denies Dissatisfaction with OpenAI

However, the WSJ notes that both sides are reevaluating the partnership model. One possible scenario is that NVIDIA will only invest a few billion dollars in this funding round, rather than the originally planned total of $100 billion. In response, NVIDIA only stated that it has been OpenAI’s preferred partner for the past decade and looks forward to continued collaboration but did not comment on the negotiation progress; OpenAI did not immediately respond to requests for comment.

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

Regarding rumors that he privately expressed dissatisfaction with OpenAI’s operational discipline and competitive stance, Huang dismissed these as nonsense. He reiterated that NVIDIA will still invest heavily in this funding round, just not close to $100 billion.

Currently, OpenAI is seeking to raise up to $100 billion in its latest funding round, with potential investors including Amazon, Microsoft, and SoftBank. Some sources also suggest that OpenAI’s 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 investment plans have reignited market concerns about “cyclical AI investments,” where tech companies fund AI startups that then purchase large quantities of chips and computing services. Similar situations recently occurred with NVIDIA’s investment in cloud computing provider CoreWeave. Regarding these concerns, Huang has previously responded multiple times, stating that such investments constitute only a small part of overall capital needs and denying that they artificially inflate AI demand.

• This article is reprinted with permission from 《Chain News》
• Original title: 《Jensen Huang in Taipei Responds to WSJ Rumors: No Dissatisfaction with OpenAI, No Promise to Invest $100 Billion》
• Original author: Neo