Nvidia CEO Jensen Huang says a proposed $100 billion investment in OpenAI is unlikely to happen.
Speaking at a Morgan Stanley conference in San Francisco, Huang said the idea is “probably not in the cards,” adding that OpenAI is expected to go public toward the end of the year.
He confirmed that Nvidia has finalized a $30 billion investment in the company, calling it a rare opportunity to back a highly consequential AI firm.
Last year, Nvidia indicated it could invest up to $100 billion as part of a partnership with OpenAI to build massive AI infrastructure, including data centers with at least 10 gigawatts of computing power powered by Nvidia systems.
Huang said Nvidia’s primary focus will be supplying the computing power needed to train and run OpenAI’s models, noting that the revenue from that relationship will follow.
He also suggested Nvidia’s $10 billion investment in OpenAI rival Anthropic may be its last in that company as well, as the Claude maker is reportedly preparing for a public listing.
Huang’s remarks follow speculation about internal concerns within Nvidia regarding the scale of the OpenAI deal. However, he dismissed reports of tension with the company, saying he strongly supports OpenAI and its CEO Sam Altman.
OpenAI remains one of the most valuable private AI companies and a major buyer of Nvidia chips, which are widely used to train large language models. The massive capital required to build advanced AI systems has fueled speculation about how the company will finance its next phase of growth.