NVIDIA Pledges Substantial Investment in AI Powerhouse OpenAI Amid Reiterated Funding Talks
In a move that could set a new benchmark for tech investments, NVIDIA CEO Jensen Huang has announced that the company is planning to inject a "great deal of money" into OpenAI's latest funding round. This development comes as the two companies re-examine a previously agreed-upon $100 billion deal that stalled in negotiations, with reports suggesting that NVIDIA and OpenAI are only now tentatively discussing a revised agreement.
According to sources close to the talks, Huang has expressed reservations about OpenAI's business strategy, labeling it as lacking discipline. However, in a surprise twist, he denied claims made by The Wall Street Journal, stating that they were "nonsense." Instead, Huang reiterated his commitment to OpenAI, praising its innovative work and declaring it one of the most consequential companies of our time.
The scope of NVIDIA's investment has yet to be confirmed, but with Huang describing it as potentially the largest such commitment in the company's history, expectations are running high. The deal, which was initially inked in September, aimed to build 10 gigawatts of AI data centers, with a phased rollout targeted for the second half of 2026.
As the stakes continue to rise, it remains to be seen whether NVIDIA and OpenAI can hammer out a revised agreement that meets both parties' needs. One thing is certain, however: this substantial investment will have far-reaching implications for the future of artificial intelligence, with OpenAI's cutting-edge technology poised to shape the industry's trajectory in the years to come.
In a move that could set a new benchmark for tech investments, NVIDIA CEO Jensen Huang has announced that the company is planning to inject a "great deal of money" into OpenAI's latest funding round. This development comes as the two companies re-examine a previously agreed-upon $100 billion deal that stalled in negotiations, with reports suggesting that NVIDIA and OpenAI are only now tentatively discussing a revised agreement.
According to sources close to the talks, Huang has expressed reservations about OpenAI's business strategy, labeling it as lacking discipline. However, in a surprise twist, he denied claims made by The Wall Street Journal, stating that they were "nonsense." Instead, Huang reiterated his commitment to OpenAI, praising its innovative work and declaring it one of the most consequential companies of our time.
The scope of NVIDIA's investment has yet to be confirmed, but with Huang describing it as potentially the largest such commitment in the company's history, expectations are running high. The deal, which was initially inked in September, aimed to build 10 gigawatts of AI data centers, with a phased rollout targeted for the second half of 2026.
As the stakes continue to rise, it remains to be seen whether NVIDIA and OpenAI can hammer out a revised agreement that meets both parties' needs. One thing is certain, however: this substantial investment will have far-reaching implications for the future of artificial intelligence, with OpenAI's cutting-edge technology poised to shape the industry's trajectory in the years to come.