Nvidia CEO Jensen Huang said on Saturday that a recent report of friction between his company and OpenAI was “nonsense”.
Huang’s comments came after the Wall Street Journal published a story late Friday claiming that Nvidia was trying to reduce its investment in OpenAI. The two companies announced a plan in September in which Nvidia will invest up to $100 billion in OpenAI and also build 10 gigawatts of computing infrastructure for the AI company.
But the WSJ said Huang has begun to stress that the deal is not binding, and that he has also privately criticized OpenAI’s business strategy and raised concerns about competitors such as Anthropic and Google.
Additionally, the WSJ reported that the two companies are re-examining their relationship — though that doesn’t mean they’re calling it quits entirely, with recent talks reportedly centered on an equity investment of just tens of billions of dollars from Nvidia.
An OpenAI spokesperson told the WSJ that the companies are “actively working out the details of our partnership,” adding that Nvidia has “supported our discoveries from the beginning, powers our systems today, and will remain central as we scale next.”
According to Bloomberg, reporters asked Huang about the report during a visit to Taipei. In response, insisted that Nvidia will “definitely participate” in OpenAI’s latest funding round “because it’s such a good investment.”
“We will invest a lot of money,” Huang said. “I believe in OpenAI. The work they are doing is incredible. They are one of the most important companies of our time.”
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He apparently declined to specify how much Nvidia would invest, instead saying: “Let [OpenAI CEO Sam Altman] Announce how much he will raise — it’s up to him.”
The WSJ reported in December that OpenAI is seeking to raise a $100 billion funding round, while the New York Times reported this week that Nvidia, Amazon, Microsoft and SoftBank are talking potential investments.
