Nvidia CEO pushes again in opposition to report that his firm’s $100B OpenAI funding has stalled

Nvidia CEO Jensen Huang mentioned Saturday {that a} current report of friction between his firm and OpenAI was “nonsense.”

Huang’s feedback got here after The Wall Avenue Journal revealed a narrative late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The 2 firms introduced a plan in September through which Nvidia would make investments as much as $100 billion in OpenAI and likewise construct 10 gigawatts of computing infrastructure for the AI firm.

Nonetheless, the WSJ mentioned Huang has begun emphasizing that the deal is nonbinding, and that he’s additionally privately criticized OpenAI’s enterprise technique and expressed considerations about rivals like Anthropic and Google.

The WSJ additionally reported that the 2 firms are rethinking their relationship — although that doesn’t imply chopping issues off solely, with current discussions reportedly specializing in an fairness funding of a mere tens of billions of {dollars} from Nvidia.

An OpenAI spokesperson instructed the WSJ that the businesses are “actively working via the main points of our partnership,” including that Nvidia “has underpinned our breakthroughs from the beginning, powers our techniques at present, and can stay central as we scale what comes subsequent.”

In keeping with Bloomberg, reporters requested Huang in regards to the report throughout a go to to Taipei. In response, he insisted that Nvidia will “definitely participate” in OpenAI’s newest funding spherical “as a result of it’s such funding,” in keeping with Bloomberg. 

“We are going to make investments a substantial amount of cash,” Huang mentioned. “I imagine in OpenAI. The work that they do is unimaginable. They’re some of the consequential firms of our time.”

He apparently declined to specify how a lot Nvidia can be investing, as a substitute saying, “Let [OpenAI CEO Sam Altman] announce how a lot he’s going to boost — it’s for him to determine.”

The WSJ reported in December that OpenAI is seeking to elevate a $100 billion funding spherical, whereas The New York Instances mentioned this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.