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 Road Journal printed a narrative late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The 2 firms introduced a plan in September by 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 reducing 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 by way of the small print of our partnership,” including that Nvidia “has underpinned our breakthroughs from the beginning, powers our methods right now, and can stay central as we scale what comes subsequent.”
In response to Bloomberg, reporters requested Huang concerning 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,” based on Bloomberg.
“We’ll 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.”
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June 23, 2026
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 lift — it’s for him to resolve.”
The WSJ reported in December that OpenAI is trying to increase a $100 billion funding spherical, whereas The New York Occasions mentioned this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.
