NVIDIA Plans to Make Significant Investment in OpenAI Amid Revamped Deal Talks
NVIDIA CEO Jensen Huang has confirmed that the tech giant will be investing a substantial amount of money in OpenAI's latest funding round, with estimates suggesting it could be the largest investment NVIDIA has ever made. The news comes after reports emerged last week indicating that NVIDIA and OpenAI were rethinking a previous $100 billion deal that had stalled in early negotiations.
The two companies had announced in September that they would be collaborating on a massive AI project, with NVIDIA investing up to $100 billion to build 10 gigawatts of data centers. The plan was for the first phase of the project to go live in the second half of 2026. However, sources close to the discussions claimed that the agreement was nonbinding and that Huang had privately expressed concerns about OpenAI's business approach.
Huang has since fired back at reports suggesting he had criticized OpenAI, calling them "nonsense." Instead, he expressed his confidence in the company, stating that their work is "incredible" and that they are one of the most consequential companies of our time. However, it appears that NVIDIA will be investing a significantly reduced amount compared to the original deal.
The exact details of the revised investment have not been disclosed, but Huang's comments suggest that it could still be a substantial sum. With OpenAI poised for significant growth and NVIDIA looking to expand its AI capabilities, this latest development is likely to spark further interest in the tech giant's plans for the company.
NVIDIA CEO Jensen Huang has confirmed that the tech giant will be investing a substantial amount of money in OpenAI's latest funding round, with estimates suggesting it could be the largest investment NVIDIA has ever made. The news comes after reports emerged last week indicating that NVIDIA and OpenAI were rethinking a previous $100 billion deal that had stalled in early negotiations.
The two companies had announced in September that they would be collaborating on a massive AI project, with NVIDIA investing up to $100 billion to build 10 gigawatts of data centers. The plan was for the first phase of the project to go live in the second half of 2026. However, sources close to the discussions claimed that the agreement was nonbinding and that Huang had privately expressed concerns about OpenAI's business approach.
Huang has since fired back at reports suggesting he had criticized OpenAI, calling them "nonsense." Instead, he expressed his confidence in the company, stating that their work is "incredible" and that they are one of the most consequential companies of our time. However, it appears that NVIDIA will be investing a significantly reduced amount compared to the original deal.
The exact details of the revised investment have not been disclosed, but Huang's comments suggest that it could still be a substantial sum. With OpenAI poised for significant growth and NVIDIA looking to expand its AI capabilities, this latest development is likely to spark further interest in the tech giant's plans for the company.