Nvidia chief executive Jensen Huang publicly dismissed recent reports suggesting friction between his company and OpenAI, calling claims about a scaled-back investment deal “nonsense.” The statement came during a visit to Taipei on Saturday as Huang reaffirmed his company’s commitment to participating in OpenAI’s ongoing funding round.
The Wall Street Journal published a story late Friday claiming that Nvidia was reconsidering its planned investment in the artificial intelligence company. According to the report, Huang had been emphasizing that the arrangement is nonbinding and had privately raised concerns about OpenAI’s business strategy while expressing interest in competitors like Anthropic and Google.
Nvidia Confirms Major Investment Commitment
Speaking to reporters in Taipei, Huang made clear that his company intends to move forward with a significant financial commitment. He stated that Nvidia will definitely participate in OpenAI’s latest funding round because it represents a strong investment opportunity. The executive described the planned contribution as huge and said the company will invest a great deal of money.
Huang praised OpenAI’s work as incredible and called the organization one of the most consequential companies of our time. However, he declined to provide specific dollar amounts, deferring to OpenAI CEO Sam Altman to announce the total fundraising target and details.
Original Deal and Recent Developments
Nvidia and OpenAI announced their partnership plan in September. Under that agreement, Nvidia would invest up to one hundred billion dollars in OpenAI while also constructing ten gigawatts of computing infrastructure for the AI company.
The Wall Street Journal report suggested the two companies have been rethinking their relationship, with recent discussions reportedly focusing on an equity investment worth tens of billions of dollars from Nvidia rather than the original figure. The publication also indicated that both parties are working through the specifics of their arrangement.
An OpenAI spokesperson responded to the initial report by stating that the companies are actively working through the details of their partnership. The spokesperson emphasized that Nvidia has underpinned OpenAI’s breakthroughs from the start, powers their systems today, and will remain central as they scale what comes next.
Broader Funding Context
OpenAI is pursuing a major funding round with interest from multiple technology giants. In December, the Wall Street Journal reported that OpenAI was looking to raise one hundred billion dollars. More recently, the New York Times indicated that Nvidia, Amazon, Microsoft, and SoftBank are all in discussions about potential investments in the company.
The funding round represents one of the largest capital raises in the technology sector. OpenAI has become a focal point for investment as companies race to develop and deploy advanced artificial intelligence systems. The organization behind ChatGPT continues to attract significant attention from both strategic technology partners and financial investors.
Huang’s public rebuttal of the friction narrative suggests that despite any ongoing negotiations about the specific terms and structure of the investment, Nvidia remains committed to backing OpenAI’s continued development. The chipmaker has established itself as a critical supplier of the graphics processing units that power large language models and other AI applications.
The relationship between the two companies extends beyond financial investment to include the infrastructure and hardware that enable OpenAI to train and run its AI models. This technical partnership has been fundamental to OpenAI’s ability to develop increasingly sophisticated systems.
