Nvidia’s CEO Jensen Huang has addressed concerns regarding the company’s substantial investment in OpenAI, stating that reports of hesitation are unfounded. In a recent appearance on CNBC’s Mad Money, he firmly rejected rumors suggesting he was reconsidering the $100 billion investment in data centers for OpenAI. Huang emphasized his commitment, declaring, "There’s no controversy at all. It’s complete nonsense. We love working with OpenAI."
The speculation arose after insiders informed the Wall Street Journal that both Nvidia and OpenAI were re-evaluating their partnership, hinting at potential issues in the agreement’s progression. Huang confirmed on the show that he has profound respect for OpenAI’s CEO, Sam Altman, and expressed confidence in continuing to invest in the organization following their next funding round.
Despite Huang’s reassurances, the backdrop of increased competition from companies like Google and Anthropic complicates the narrative. Observers noted that OpenAI’s ChatGPT has seen a decline in prominence, raising questions about Nvidia’s exclusive affiliation with the company.
While such uncertainties loom, Huang suggested that Nvidia is unlikely to abandon the partnership. Instead, they may explore additional collaborations. Notably, Nvidia and Microsoft had already begun investing in Anthropic, signaling a strategic shift in their engagements within the AI landscape.
Looking ahead, Huang reiterated the immense potential of OpenAI, stating that the ongoing demand for computational resources is critical to their success. His affirmation of Nvidia’s commitment suggests a promising trajectory for their collaboration, despite the surrounding market dynamics.
