NVIDIA CEO Jensen Huang told reporters that the company will “invest a lot of money” in OpenAI’s latest funding round. bloombergafter wall street journal Reports on Friday said the two companies were renegotiating a previous $100 billion deal, which “has not progressed beyond the early stages” of negotiations. Speaking to reporters in Taipei this weekend, Huang reportedly said it could be “our biggest investment ever.”
NVIDIA and OpenAI jointly announced in September that NVIDIA will invest up to $100 billion in OpenAI to build a 10 gigawatt AI data center. The companies then said they were targeting the second half of 2026 to bring the first phase of the project online. Citing sources familiar with the discussions, wall street journal Huang was reported to have privately highlighted that the agreement was non-binding and criticized OpenAI’s business approach as lacking discipline.
according to bloombergHowever, Huang called the report’s claims “nonsense” and told reporters on Saturday, “I believe in OpenAI. The work they do is incredible. They are one of the most consequential companies of our time.” But, bloomberg According to reports, he said that NVIDIA’s investment in this funding round will not come close to $100 billion.
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