Nvidia Plans Largest-Ever Investment in OpenAI, Jensen Huang Confirms

Nvidia is gearing up to make its largest investment in OpenAI to date, CEO Jensen Huang has said. In Taipei, Huang brushed aside reports that he was unsatisfied with the ChatGPT maker and said Nvidia’s support for OpenAI will continue to be strong. The announcement comes after past rumours that a previously announced plan to inject as much as $100 billion in financing had stalled. The fact Nvidia is again putting its public name behind OpenAI suggests a continued belief in OpenAI's role in the future of AI, and Nvidia’s status as an important supplier of high-end AI silicon.

Nvidia’s Investment Plans in OpenAI

In September, Nvidia unveiled plans to invest as much as $100 billion in OpenAI, insuring the company financial backing and access to high-end chips it would need to keep up with the growing field of AI. Yet a report in The Wall Street Journal indicated that the plan had been slowed after internal concerns were expressed.

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The report claimed Huang had told industry associates that:

- The $100 billion deal was non-binding and not finalised

- He had concerns about OpenAI’s business discipline

- Competition from Google and Anthropic posed growing challenges

Huang Denies Rift With OpenAI

Huang shot back at criticisms of discord, saying they were “nonsense”. Nvidia, he said, is “a gigantic supporter” of OpenAI and has done historically important work.

Key statements from Huang:

- Nvidia will make a “huge” investment in OpenAI

- It will likely be the largest investment Nvidia has ever made

- The amount will be far below $100 billion

- OpenAI CEO Sam Altman is leading the funding round

He added that the final amount will be determined by Altman and officially announced by OpenAI.

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OpenAI’s Fundraising Efforts

According to Reuters:

- OpenAI aims to raise up to $100 billion

- The company could be valued at around $830 billion

- Amazon is reportedly considering an investment of up to $50 billion

Huang’s remarks in Taipei came after he had hosted some of Nvidia’s key suppliers, such as TSMC — at a get-together which local media branded the “trillion-dollar dinner” on account of their combined market value.