Nvidia's Jensen Huang Denies Rumors of Deal Changes with OpenAI: Everything Is Proceeding as Planned

Nvidia CEO Jensen Huang Denies Rumors of Tense Relations with OpenAI, Confirms Participation in Next Funding Round as “Largest Private Placement in History”

On Tuesday, February 3rd, Jensen Huang explicitly stated in an interview with CNBC’s Jim Cramer that the company’s plans to invest in OpenAI are still “on track,” denying recent market rumors of tense relations between the two. He emphasized:

There is no controversy at all; these claims are purely baseless… No drama, everything is proceeding as planned… We are very happy to collaborate with OpenAI.

Huang further confirmed that Nvidia will participate in OpenAI’s next funding round, which he described as “the largest private placement in history.” On Monday, Altman responded to discussions about the relationship between the company and Nvidia on social media:

We are very happy to work with Nvidia; they make the best AI chips in the world. We hope to be their major customer for a long time. I don’t understand where these crazy rumors are coming from.

Previously, Wallstreet.cn reported that Nvidia and OpenAI’s “hundred-billion-dollar deal” had stalled. The news continued to ferment, with Nvidia’s stock closing nearly 3% lower on Monday, and continuing to decline after the market opened on Tuesday, dropping over 4%, leading the tech sector lower, down 16% from its October high.

Nvidia Commits to Long-term Investment

Huang stated on Tuesday that, Nvidia will invest in OpenAI’s next funding round, “without a doubt.”

He added that Nvidia will consider participating in any future funding rounds of OpenAI and hopes to be involved in OpenAI’s eventual IPO.

Since its founding, OpenAI has used Nvidia’s GPUs to build and run its AI models.

In September last year, Huang and OpenAI CEO Sam Altman jointly announced a letter of intent, with Nvidia planning to invest up to $100 billion in the AI lab in phases. According to the agreement, OpenAI will build AI infrastructure based on Nvidia technology, with power requirements reaching 10 gigawatts.

However, in recent months, Altman stated that OpenAI does not have enough chips to meet the demands of products like ChatGPT, and more computing power could generate additional revenue.

OpenAI and Nvidia’s competitors, including AMD, Broadcom, and Cerebras, have reached chip deals. These moves have sparked market speculation about the relationship between the two companies.

Risk Warning and Disclaimer

        The market carries risks; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Invest at your own risk.