Nvidia CEO Jensen Huang said Saturday that recent reports of friction between his company and OpenAI are “nonsense.”
Huang’s comments came after the Wall Street Journal published an article late Friday alleging that Nvidia was looking to scale back its investment in OpenAI. The two companies announced plans in September for Nvidia to invest up to $100 billion in OpenAI and build 10 gigawatts of computing infrastructure for the AI company.
But the WSJ said Huang began emphasizing that the deal was non-binding and privately criticized OpenAI’s business strategy and expressed concerns about competitors such as Anthropic and Google.
WSJ also reported that the two companies are reexamining their relationship. However, this does not mean a complete break, with recent discussions reportedly focusing on an equity investment worth just tens of billions of dollars from Nvidia.
An OpenAI spokesperson told WSJ that the two companies are “actively working on the details of our partnership,” adding that NVIDIA “has supported our innovation from the beginning, powers our systems today, and will remain central as we scale the next phase.”
According to Bloomberg, reporters asked Huang about the report during a visit to Taipei. In response, he claimed that Nvidia would “definitely participate” in OpenAI’s latest funding round. Because it’s a very good investment, Bloomberg said.
“We are going to invest a lot of money,” Hwang said. “I believe in OpenAI. What they are doing is incredible. They are one of the most important companies of our time.”
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He declined to specify how much Nvidia would invest, instead saying, “Let (OpenAI CEO Sam Altman) announce how much he’s going to raise. It’s up to him to decide.”
Last December, the WSJ reported that OpenAI was seeking $100 billion in funding, and the New York Times reported this week that Nvidia, Amazon, Microsoft, and Softbank are all discussing potential investments.
