“We will invest a great deal of money,” Huang told reporters while visiting Taipei on Saturday. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang didn’t say exactly how much the company might contribute but described the investment as “huge.”
“Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, adding that Altman is in the process of closing the round. “But we will definitely participate in the next round of financing because it’s such a good investment.”
The Wall Street Journal reported on Friday that a plan that Nvidia had announced in September to invest as much as $100 billion in OpenAI overall had stalled after some inside the chip giant expressed doubts about the deal. Citing unidentified people familiar with the matter, the Journal reported that Huang had privately emphasized that the $100 billion agreement was nonbinding, had privately criticized what he has described as a lack of discipline in OpenAI’s business approach and expressed concern about competition.
When asked by a reporter in Taipei about the report that seemed to suggest he wasn’t very happy with OpenAI, Jensen said, “That’s nonsense.” Huang said Nvidia’s contribution to OpenAI’s latest funding round wouldn’t approach $100 billion.
As part of a letter of intent signed in September, Nvidia said it planned to invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure. The deal was designed to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equivalent to the peak electricity demand of New York City — equipped with Nvidia’s advanced chips to train and deploy AI models.
