Nvidia CEO Jensen Huang just torched a report suggesting the chipmaker's massive OpenAI investment has gone sideways. Speaking to reporters in Taipei on Saturday, Huang dismissed The Wall Street Journal's Friday bombshell about scaling back the $100 billion partnership as "nonsense" and doubled down on his commitment to Sam Altman's AI giant. The pushback comes as OpenAI gears up for what could be one of the biggest funding rounds in tech history, with Amazon, Microsoft, and SoftBank also circling.
Nvidia CEO Jensen Huang isn't letting speculation about his company's OpenAI partnership fester. During a visit to Taipei on Saturday, he shot down a Wall Street Journal report claiming the chipmaker was getting cold feet about its massive AI investment, calling the story "nonsense" and reaffirming Nvidia's commitment to the partnership.
The drama started late Friday when the WSJ published claims that Huang was looking to scale back Nvidia's involvement in what was supposed to be a landmark deal. The original September announcement had Nvidia planning to invest up to $100 billion in OpenAI while also building 10 gigawatts of computing infrastructure for the AI company. But according to the WSJ, Huang has been privately emphasizing the deal's nonbinding nature, criticizing OpenAI's business strategy, and expressing concerns about competitors like Anthropic and Google.
The report also suggested recent discussions between the two companies were focusing on a significantly smaller equity investment, measured in tens of billions rather than the eye-popping $100 billion figure that made headlines last fall. That's a massive difference that would reshape the AI investment landscape if true.
