Nvidia CEO calls reports of stalled $100 billion OpenAI investment 'nonsense,' pledges major funding

Nvidia CEO pushes back against report that his company's $100B OpenAI investment has stalled | TechCrunch

Nvidia CEO Jensen Huang said Saturday that a recent report of friction between his company and OpenAI was "nonsense." Huang's comments came after The Wall Street Journal published a story late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The two companies announced a plan in September in which Nvidia would invest up to $100 billion in OpenAI and also build 10 gigawatts of computing infrastructure for the AI company. However, the WSJ said Huang has begun emphasizing that the deal is nonbinding, and that he's also privately criticized OpenAI's business strategy and expressed concerns about competitors like Anthropic and Google. The WSJ also reported that the two companies are rethinking their relationship -- though that doesn't mean cutting things off entirely, with recent discussions reportedly focusing on an equity investment of a mere tens of billions of dollars from Nvidia. An OpenAI spokesperson told the WSJ that the companies are "actively working through the details of our partnership," adding that Nvidia "has underpinned our breakthroughs from the start, powers our systems today, and will remain central as we scale what comes next." According to Bloomberg, reporters asked Huang about the report during a visit to Taipei. In response, he insisted that Nvidia will "definitely participate" in OpenAI's latest funding round "because it's such a good investment," according to Bloomberg. "We will invest a great deal of money," Huang said. "I believe in OpenAI. The work that they do is incredible. They're one of the most consequential companies of our time." He apparently declined to specify how much Nvidia would be investing, instead saying, "Let [OpenAI CEO Sam Altman] announce how much he's going to raise -- it's for him to decide." The WSJ reported in December that OpenAI is looking to raise a $100 billion funding round, while The New York Times said this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.

Nvidia CEO: We'll Make Our 'Largest Ever Investment' in OpenAI

Nvidia is likely set to make its "largest ever investment" in ChatGPT firm OpenAI, despite reports that the deal may be under threat in recent weeks. The chip giant's CEO, Jensen Huang, didn't say exactly how big the investment would be, but said it would be "nothing like" the $100 billion figure mentioned in the September partnership agreement. "We will definitely participate in the next round of financing, because it's such a good investment," Huang told reporters at a press conference reported by Bloomberg. Nvidia -- currently the world's most valuable company -- produces much of the hardware that makes tools like ChatGPT and Sora work. Its hardware features prominently in the AI data centers that OpenAI is currently looking to invest hundreds of billions in building across the US, potentially using as much electricity as India in the process. Huang's recent statement comes after The Wall Street Journal claimed earlier this week that the deal was "on ice." The Journal claimed that the chip giant's CEO has privately criticized "a lack of discipline in OpenAI's business approach" and voiced concerns about the competition it faces from the likes of Google and Anthropic. But Huang told reporters it was "nonsense" to say he was unhappy with OpenAI, according to Bloomberg's latest report. Some of the chip giant's most senior figures have indicated that an official deal between the two companies has not yet been inked. In December, Nvidia CFO Colette Kress said that the company hadn't completed a definitive agreement with OpenAI, the Journal notes. Nvidia's CEO may not be the only one who is worried about the competition OpenAI is facing from other AI giants. In December, Altman reportedly sent employees a company-wide memo saying that OpenAI would pause work on other activities to focus on enhancing the day-to-day experience of ChatGPT, following Google's Gemini 3 beating ChatGPT in various benchmarking tests.

Nvidia's plan to invest $100 billion in OpenAI appears unlikely -- Jensen reportedly criticizing OpenAI's business decisions in private discussions

Nvidia is having second thoughts about its planned deal with OpenAI. Nvidia and OpenAI inked a memorandum of understanding (MOU) in September 2025, signaling the former's intent to build data centers capable of delivering 10 gigawatts of compute power for the latter to lease, and to invest $100 billion in the AI company to help fund it. However, several months have passed since that announcement, and it seems the deal is going nowhere. OpenAI had hoped to seal the deal a few weeks after the initial agreement, but sources told The Wall Street Journal that the talks have largely stalled since then. It seems both parties are rethinking the deal terms, although OpenAI could still receive tens of billions of dollars from Nvidia through an equity investment. According to the publication, Nvidia CEO Jensen Huang has been privately telling his peers that the $100 billion MOU isn't binding and is still subject to change. Furthermore, although Huang said that OpenAI is "likely going to be the next multi-trillion-dollar hyperscaler company," he has also been quietly criticizing the AI company's approach to its business. People familiar with the matter say that the Nvidia CEO is concerned about the company's lack of business discipline and competition from Anthropic and Google. An analyst actually seems to agree with the leather-clad CEO, predicting that the company could run out of cash by mid-2027. Despite that, Huang still believes in financially supporting the maker of ChatGPT, partly because it's one of Nvidia's largest customers. Although it has other big clients like Oracle and xAI, OpenAI's failure would still put a big dent in the AI chipmaker's order book. Aside from that, Google uses its own TPU chip. In contrast, Anthropic uses a combination of Google's TPU and Amazon's Trainium chips, meaning Anthropic does not rely on Nvidia for its hardware needs. It's unclear how the supposed partnership between these two AI giants will proceed. While we might no longer see the $100 billion blockbuster deal between them, there's still a chance that OpenAI will get a massive infusion of cash even as it seeks to soothe investor concerns about its future profitability ahead of its planned IPO.

Nvidia Pauses Plan to Invest $100 Billion in OpenAI, WSJ Says

The two sides are now rethinking the partnership, with one scenario being that Nvidia may invest tens of billions of dollars as part of OpenAI's current funding round. Nvidia Corp.'s negotiations to invest as much as $100 billion in OpenAI have broken down, the Wall Street Journal reportedBloomberg Terminal, exposing a potential rift between two of the most powerful companies in the artificial intelligence industry. The discussions stalled after some inside Nvidia expressed concerns about the transaction, the Journal said, citing unidentified people familiar with the deliberations. OpenAI makes the popular chatbot ChatGPT, while Nvidia dominates the market for AI processors that help develop such software. The companies announced the agreement in September, saying at the time that they had signed a letter of intent for a strategic deal. The $100 billion was meant to support new data centers and other AI infrastructure, built with Nvidia components. They were aiming for 10 gigawatts' worth of computing power -- equivalent to the peak electricity demand of New York City. In a statement to Bloomberg News on Friday, Nvidia said, "We have been OpenAI's preferred partner for the last 10 years. We look forward to continuing to work together." The company didn't discuss the state of negotiations. A representative for OpenAI didn't immediately respond to a request for comment. The two sides are now rethinking the partnership, the Journal said. In one scenario, Nvidia may invest tens of billions of dollars as part of OpenAI's current funding round, according to the newspaper. OpenAI has been seeking to raise as much as $100 billion in that round. Amazon.com Inc. is in talks to invest as much as $50 billion and expand an agreement that involves selling computer power to the AI startup, Bloomberg reported Thursday. Nvidia has made other high-profile investments in AI companies. Earlier this week, it announced plans to put an additional $2 billion into CoreWeave Inc., a cloud computing provider that's also a customer. These sorts of circular deals -- where a company invests in a business that buys its product -- have fueled concern about the sustainability of the AI boom. Nvidia Chief Executive Officer Jensen Huang has brushed off the criticism. After the CoreWeave deal, he said that such investments represent a small portion of the total amount that companies will need to raise. "So the idea that it is circular is -- it's ridiculous," he said.

Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports

Jan 30 (Reuters) - Nvidia's (NVDA.O), opens new tab plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, the Wall Street Journal reported on Friday. The chipmaker in September announced plans to invest up to $100 billion in OpenAI in a deal that would have given the ChatGPT maker the cash and access it needs to buy advanced chips that are key to maintaining its dominance in an increasingly competitive landscape. The Journal, citing people familiar with the matter, said the companies are rethinking the future of their partnership, and the latest discussions include an equity investment of tens of billions of dollars as part of OpenAI's current funding round. Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was non-binding and not finalized, the report said. Huang has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Alphabet's (GOOGL.O), opens new tab Google and Anthropic, the WSJ added. "We have been OpenAI's preferred partner for the last 10 years. We look forward to continuing to work together," an Nvidia spokesperson said in an emailed statement to Reuters. OpenAI did not immediately respond to Reuters' request for comment. Big Tech companies and investors such as SoftBank Group Corp (9984.T), opens new tab are racing to forge partnerships with OpenAI - which is spending heavily on data centers - betting closer ties with the startup would give them a competitive edge in the AI race. Amazon (AMZN.O), opens new tab is in talks to invest dozens of billions in OpenAI and the figure could be as high as $50 billion, Reuters reported on Thursday. OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters has previously reported. Reporting by Fabiola Arámburo in Mexico City; Additional reporting by Carlos Méndez; Editing by Chris Reese Our Standards: The Thomson Reuters Trust Principles., opens new tab

Nvidia's Jensen Huang denies OpenAI deal rumors: 'There's no drama'

President and CEO of NVIDIA, Jensen Huang, attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2026. Nvidia CEO Jensen Huang said the chipmaker's plan to invest in OpenAI remains "on track" after recent reports suggested brewing tension between the two sides. "There's no drama involved. Everything's on track," Huang told CNBC's Jim Cramer on Tuesday. The full interview will air later in the day on "Mad Money." In September, Huang appeared with OpenAI CEO Sam Altman to announce a letter of intent that would involve his company investing up to $100 billion in the artificial intelligence lab in tranches. OpenAI would build AI infrastructure based around Nvidia's technology requiring up to 10 gigawatts of power. But an SEC filing in November said the deal had not been finalized, and concern has mounted in the months sense that the announcement was little more than a press release. Over the past weekend, the Wall Street Journal reported that the deal was "on ice." Nvidia shares fell more than 3.4% today, leading a broad decline in tech stocks, and are 13% off their high reached in October. Huang said on Tuesday that Nvidia would invest in OpenAI's next fundraising round, which he called the "largest private round ever raised in history." OpenAI is engaging in fundraising discussions for a round that could raise as much as $100 billion, CNBC reported last month. "We will invest in the next round," Huang said. "There is no question about that." He added that Nvidia would consider investing in any future OpenAI round and wants to participate in an eventual OpenAI IPO. OpenAI has used Nvidia's graphics processing units to build and serve its AI models since the company was founded. But in recent months, Altman has said that OpenAI doesn't have enough chips to meet demand for its products like ChatGPT, and that it could generate more revenue with increased computing power. OpenAI has been striking chip deals with Nvidia competitors including Advanced Micro Devices, Broadcom, and Cerebras. In a post on X on Monday, Altman responded to the chatter about his company's relationship with Nvidia. "We love working with NVIDIA and they make the best AI chips in the world," hew wrote. "We hope to be a gigantic customer for a very long time. I don't get where all this insanity is coming from."

NVIDIA is still planning to make a 'huge' investment in OpenAI, CEO says

NVIDIA CEO Jensen Huang told reporters that the company will "invest a great deal of money" in OpenAI's latest funding round, according to Bloomberg, after The Wall Street Journal on Friday reported that the two companies were rethinking a previous $100 billion deal that hasn't "progressed beyond the early stages" of negotiations. Speaking to reporters in Taipei this weekend, Huang reportedly said it could be "the largest investment we've ever made." NVIDIA and OpenAI jointly announced in September that NVIDIA would be investing up to $100 billion in OpenAI to build 10 gigawatts of AI data centers. The companies said then that they were targeting the second half of 2026 for the first phase of the project to go online. Citing sources familiar with the discussions, The Wall Street Journal reported that Huang has highlighted privately that the agreement was nonbinding and has criticized OpenAI's business approach as lacking discipline. According to Bloomberg, however, Huang called the report's claims "nonsense," and told reporters on Saturday, "I believe in OpenAI. The work that they do is incredible. They're one of the most consequential companies of our time." But, Bloomberg reports, he said NVIDIA's investment in this funding round wouldn't come near $100 billion.

Pledge to invest $100 billion in OpenAI was 'never a commitment,' says Nvidia's Huang | Fortune

"It was never a commitment," Huang told reporters in Taipei on Sunday. "They invited us to invest up to $100 billion and of course, we were, we were very happy and honored that they invited us, but we will invest one step at a time." As part of a letter of intent signed in September, Nvidia said it planned to invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure. The deal was designed to help OpenAI build data centers with a capacity of at least 10 gigawatts of power -- equivalent to the peak electricity demand of New York City -- equipped with Nvidia's advanced chips to train and deploy AI models. The Wall Street Journal reported on Friday that the investment plan announced in September had stalled after some inside Nvidia expressed doubts about the deal. Citing unidentified people familiar with the matter, the Journal reported that Huang had privately emphasized that the $100 billion agreement was nonbinding, had privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about competition. When asked on Saturday about the report that seemed to suggest he wasn't very happy with OpenAI, Huang said, "That's nonsense." "We will invest a great deal of money," Huang told reporters then. "I believe in OpenAI. The work that they do is incredible. They're one of the most consequential companies of our time." Huang didn't say exactly how much the company might contribute but described the investment as "huge" and potentially "the largest investment we've ever made." He added that Nvidia's contribution to OpenAI's current funding round wouldn't approach $100 billion. When asked about whether the companies' plan to deploy the first gigawatt under their joint investment plan is on schedule, Huang said on Sunday that "it's up to OpenAI." "It's their infrastructure," he told reporters. Nvidia's plans to invest in OpenAI, a key buyer of its advanced AI chips, have stoked concerns about the circular nature of AI deals over the past year. Investors are increasingly questioning how these partnerships -- in which tech companies are investing in AI businesses that purchase their products -- may be artificially propping up demand. In a separate such deal, Nvidia recently announced plans to invest an additional $2 billion in CoreWeave Inc., a cloud computing provider that's also a key customer.

Nvidia boss insists 'huge' investment in OpenAI on track

Taipei (AFP) - Nvidia chief executive Jensen Huang has insisted the US tech giant will make a "huge" investment in OpenAI and dismissed as "nonsense" reports that he is unhappy with the generative AI star. Huang made the remarks late Saturday in Taipei after the Wall Street Journal reported that Nvidia's plan to invest up to $100 billion in OpenAI had been put on ice. Nvidia announced the plan in September to invest $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence. The Wall Street Journal, citing unnamed sources, said some people inside Nvidia had expressed doubts about the deal and that the two sides were rethinking the partnership. "That's complete nonsense. We are going to make a huge investment in OpenAI," Huang told journalists, when asked about reports that he was unhappy with OpenAI. Huang insisted that Nvidia was going ahead with its investment in OpenAI, describing it as "one of the most consequential companies of our time". "Sam is closing the round, and we will absolutely be involved in the round," Huang said, referring to OpenAI chief executive Sam Altman. "We will invest a great deal of money, probably the largest investment we've ever made." Nvidia has come to dominate spending on the processors needed for training and operating the large language models (LLM) behind chatbots like OpenAI's ChatGPT or Google Gemini. Sales of its graphics processing units (GPUs) -- originally developed for 3D gaming -- powered the company's market cap to over $5 trillion in October, although the figure has since fallen back by more than $600 billion. LLM developers like OpenAI are directing much of the mammoth investment they have received into Nvidia's products, rushing to build GPU-stuffed data centres to serve an anticipated flood of demand for AI services.

Nvidia Is Wavering on Its $100B OpenAI Deal, and the Timing Couldn't Be Worse for Sam Altman

Inside the $100 Billion Proposal Nvidia outlined plans to build at least 10 gigawatts of computing power for OpenAI, marking what Nvidia CEO Jensen Huang described as "the largest computing project in history," the WSJ reported. To bankroll the effort, Nvidia agreed to invest up to $100 billion in the startup while leasing its advanced AI chips. Nvidia also discussed plans for part of the funding to finance OpenAI's own data center construction. After announcing the partnership last September, Nvidia's shares climbed nearly four percent, briefly bringing the company close to a $4.5 trillion valuation. During early negotiations, OpenAI reportedly expected the deal to be finalized within weeks, according to people familiar with the plan. Instead, talks have failed to progress beyond the initial stages.

Nvidia boss insists 'huge' investment in OpenAI on track

Nvidia chief executive Jensen Huang has insisted the US tech giant will make a "huge" investment in OpenAI and dismissed as "nonsense" reports that he is unhappy with the generative AI star. We are going to make a huge investment in OpenAI," Huang told journalists, when asked about reports that he was unhappy with OpenAI. Huang insisted that Nvidia was going ahead with its investment in OpenAI, describing it as "one of the most consequential companies of our time". Nvidia chief executive Jensen Huang has insisted the US tech giant will make a "huge" investment in OpenAI and dismissed as "nonsense" reports that he is unhappy with the generative AI star. Budget 2026 Live Budget 2026 Live UpdatesIncome Tax Slabs Live UpdatesStock Market Live Updates Huang made the remarks late Saturday in Taipei after the Wall Street Journal reported that Nvidia's plan to invest up to $100 billion in OpenAI had been put on ice. Nvidia announced the plan in September to invest $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence. The Wall Street Journal, citing unnamed sources, said some people inside Nvidia had expressed doubts about the deal and that the two sides were rethinking the partnership. "That's complete nonsense. We are going to make a huge investment in OpenAI," Huang told journalists, when asked about reports that he was unhappy with OpenAI. Huang insisted that Nvidia was going ahead with its investment in OpenAI, describing it as "one of the most consequential companies of our time". "Sam is closing the round, and we will absolutely be involved in the round," Huang said, referring to OpenAI chief executive Sam Altman. "We will invest a great deal of money, probably the largest investment we've ever made." Nvidia has come to dominate spending on the processors needed for training and operating the large language models (LLM) behind chatbots like OpenAI's ChatGPT or Google Gemini. Sales of its graphics processing units (GPUs) - originally developed for 3D gaming - powered the company's market cap to over $5 trillion in October, although the figure has since fallen back by more than $600 billion. LLM developers like OpenAI are directing much of the mammoth investment they have received into Nvidia's products, rushing to build GPU-stuffed data centres to serve an anticipated flood of demand for AI services.

Nvidia CEO Might Reset Expectation For $100 Billion OpenAI Deal - NVIDIA (NASDAQ:NVDA)

Nvidia Corp's (NASDAQ:NVDA) stock slipped in on Monday after a Friday report said the chipmaker's plans to invest up to $100 billion in OpenAI have stalled. OpenAI Investment Plans Face Uncertainty The Wall Street Journal on Friday reported, citing people familiar with the matter, that uncertainty remains around a potential deal between Nvidia and OpenAI. Nvidia previously announced an agreement with OpenAI in September to help build at least 10 gigawatts of computing power for the AI company and to consider an investment of up to $100 billion. According to the report, CEO Jensen Huang later told industry associates that the investment was non-binding and not finalized, while also raising concerns about OpenAI's business discipline and competition from rivals such as Google and Anthropic. Howver, over the weekend, Huang pushed back on claims that he was unhappy with OpenAI, calling such reports "nonsense," but reiterated that the investment would not exceed $100 billion, CNBC reported on Monday. Nvidia stock has gained 62% in the last 12 months, becoming the first company to top the $4.5 trillion market cap last October. Analysts Stay Bullish On Nvidia After CES Analysts remained bullish on Nvidia after CEO Jensen Huang used his CES 2026 keynote to highlight the company's next-generation AI products and its long-term scaling roadmap. Bank of America Securities analyst Vivek Arya said Nvidia's announcements showed AI scaling remains on track, including the Vera Rubin platform, which will feature six new chips and is expected to launch in the second half of 2026. Arya told Nvidia remains a "top AI pick," citing leadership in AI compute, networking, and systems, as well as its broader ecosystem and strong demand for its AI products. Rosenblatt analyst Kevin Cassidy said Nvidia's CES updates reinforced that AI development remains in its early stages. He said that the demand for greater computing power continues to rise across the industry as developers seek more capacity and better performance. He added that ongoing improvements in AI efficiency should help earnings growth keep pace with higher stock prices. NVDA Price Action: Nvidia shares were down 1.36% at $188.53 at the time of publication on Monday, according to Benzinga Pro data. Photo via via Imagn Images Market News and Data brought to you by Benzinga APIs

NVIDIA's $100 Billion Mega-Deal With OpenAI Is in Danger as Jensen Believes the Company Has Grown 'Sloppy' While Rivals Surge Ahead

NVIDIA's deal with OpenAI was known to be one of the largest commitments to the AI lab; however, an agreement still hasn't been reached, and Jensen is now a bit skeptical. NVIDIA had committed to the OpenAI deal a few months ago, and Team Green announced to supply "multi-GW" of compute power in a $100 billion deal, which is by far the largest investment into the AI lab, which is now eying an IPO. The arrangement back then took the industry by storm, especially since OpenAI became one of the very first Vera Rubin customers, and in particular, it marked the beginning of NVIDIA's investing spree into frontier AI companies. However, it seems the "glamour" around the deal is now fading. According to a WSJ report, NVIDIA still hasn't finalized its arrangement with OpenAI, and, more importantly, CEO Jensen Huang believes that Sam Altman and his team have a "lack of discipline in business approach". More importantly, NVIDIA believes that OpenAI's competitors, notably Anthropic and Google, are becoming much more competitive, suggesting the AI giant isn't committed enough to the AI frenzy. It's important to note that in a prior 10-Q filing, NVIDIA disclosed that its deal with OpenAI is a "non-binding" agreement and that there is no assurance it will proceed. It appears that when Jensen talks about "lack of discipline", it could mean multiple factors, since when you look at the applications layer, OpenAI's GPT ecosystem isn't getting the spotlight it used to. Across the industry, Anthropic's Claude Opus 4.5 and the applications around it are getting attention, and similarly, Google's Gemini has made significant advancements. Meanwhile, OpenAI is in a rather challenging position, as the company now explores rolling out advertisements within its chat application. There's no doubt that companies are rushing to make commitments with OpenAI in recent times, mainly since Sam Altman is reportedly targeting an IPO this year, but when you look at the broader prospect, OpenAI is losing the race in the 'applications' layer of AI as a technology right now. NVIDIA might be monitoring whether the commitments being made by OpenAI will actually materialize, which is why the cautionary statement regarding the future of these investment deals, as mentioned in the 10-Q, makes sense.

Nvidia CEO Huang denies he is unhappy with OpenAI, says 'huge' investment planned

Nvidia CEO Jensen Huang holds a switch for the Nvidia Vera Rubin NVL72 AI supercomputer during a Nvidia keynote address at CES 2026, an annual consumer electronics trade show, in Las Vegas, Nevada, US January 5, 2026. Nvidia plans to make a "huge" investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100 billion in OpenAI, a deal that would give OpenAI the cash and access it needs to buy advanced chips that are key to maintaining its dominance in an increasingly competitive landscape. The Wall Street Journal reported on Friday that the plan had stalled after some inside the chip giant expressed doubts about the deal. The report said Huang had privately underlined to industry associates in recent months that the original $100 billion agreement was non-binding and not finalized. Huang has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Alphabet's Google and Anthropic, the WSJ said. 'One of the most consequential companies of our time' Speaking to reporters in Taipei, Huang said it was "nonsense" to say he was unhappy with OpenAI. "We are going to make a huge investment in OpenAI. I believe in OpenAI, the work that they do is incredible, they are one of the most consequential companies of our time, and I really love working with Sam," he said, referring to OpenAI CEO Sam Altman. "Sam is closing the round (of investment) and we will absolutely be involved," Huang added. "We will invest a great deal of money, probably the largest investment we've ever made." Asked whether it would be over $100 billion, he said: "No, no, nothing like that." It was up to Altman to announce how much he wanted to raise, Huang added. Amazon is in talks to invest billions in OpenAI, with the figure potentially reaching $50 billion, Reuters reported on Thursday. OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters has previously reported. Huang was speaking outside a Taipei restaurant having hosted all Nvidia's key suppliers in Taiwan, including the world's largest contract chipmaker, in what Taiwanese media called the "trillion-dollar dinner" because of the combined market capitalisation of those attending.

Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports - The Economic Times

Nvidia's plan to invest up to $100 billion in OpenAI to help it train and ⁠run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, the Wall Street Journal reported on Friday. The chipmaker in September announced plans to invest up to $100 billion in OpenAI in a deal that would have given the ChatGPT maker the cash and access it needs to buy advanced chips that are key to maintaining its dominance in an increasingly competitive landscape. The Journal, citing people familiar with the matter, said the companies are rethinking the future of their partnership, and the latest discussions include an equity investment of tens of billions of dollars as part of OpenAI's current funding round. Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was non-binding and not finalized, the report said. Huang has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Alphabet's Google and Anthropic, the WSJ added. "We have been OpenAI's preferred partner for the last 10 years. We look forward to continuing to work together," an Nvidia spokesperson said in an emailed statement to Reuters. OpenAI did not immediately respond to Reuters' request for comment. Big Tech companies and investors such ⁠as SoftBank Group Corp are ⁠racing to forge partnerships with OpenAI - which is spending heavily on data centers - betting closer ties with the startup would give them a competitive edge in the AI race. Amazon is in talks to invest dozens of billions in OpenAI and the figure could be as high as $50 billion, Reuters reported on Thursday. OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters has previously reported. (Reporting by Fabiola Aramburo in Mexico City; Additional reporting by Carlos Mendez; Editing by Chris Reese)

Nvidia's CEO says $100B pledge for OpenAI was 'never a commitment'

Nvidia's (NVDA) CEO Jensen Huang said the company's proposed $100B investment in OpenAI was "never a commitment" and that the AI chipmaker would consider any funding rounds "one at a time," Bloomberg News reported. "It was never a commitment," said Huang Nvidia's CEO stated the $100B investment was not a commitment; investment will be considered one round at a time and not necessarily reach $100B. CEO Huang cited doubts about OpenAI's business discipline and clarified the original agreement was not binding, noting competition from other AI players. Investors are concerned that such collaborations might artificially inflate demand for AI chips due to circular investment and purchasing arrangements.

Nvidia Poised To Make Record Investment In OpenAI's Current Funding Round - Amazon.com (NASDAQ:AMZN), NVIDIA (NASDAQ:NVDA)

Nvidia Corp. (NASDAQ:NVDA) is preparing to make a substantial investment in OpenAI's ongoing funding round, as confirmed by CEO Jensen Huang. This could potentially be the largest investment ever made by the company. Huang confirmed Nvidia's participation in the funding round, although the exact investment amount was not disclosed. Huang did hint that the investment would be significantly less than $100 billion. As per the report by Bloomberg, at a press conference in Taipei, Huang expressed Nvidia's enthusiasm about the investment, stating, "We will definitely participate in the next round of financing, because it's such a good investment." In September, Nvidia and OpenAI signed a letter of intent, indicating a potential investment of up to $100 billion by Nvidia. This investment was intended to support the construction of new data centers and other AI infrastructure, using Nvidia components. Internal Doubts at Nvidia Stall Planned Investments Nvidia's potential investment in OpenAI represents a significant step in the company's ongoing commitment to advancing AI technology. The investment, if it goes through, could potentially bolster Nvidia's position in the AI market, while providing OpenAI with the necessary funds to further its AI research and development efforts. However, according to the outlet, the reported internal doubts within Nvidia could pose a challenge to the investment plans. The outcome of these discussions could have a significant impact on both Nvidia and OpenAI's future strategies and operations. Market News and Data brought to you by Benzinga APIs

Nvidia's $100 Billion OpenAI Investment Plan Reportedly Hits Snag Amid Internal Concerns - Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)

An ambitious plan by Nvidia Corp (NASDAQ:NVDA) to invest as much as $100 billion in OpenAI has reportedly stalled as internal doubts emerge. Nvidia Rethinks Landmark OpenAI Deal Nvidia's proposed investment in OpenAI has hit a roadblock after executives inside the chip giant raised concerns about the scope and structure of the deal, reported Wall Street Journal on Friday. The semiconductor leader had announced in September plans to invest up to $100 billion in ChatGPT-maker, a move that would have strengthened ties between the companies while helping OpenAI fund massive data center expansion and secure access to advanced AI chips. However, people familiar with the matter told the publication that Nvidia and OpenAI are now reassessing the future of their partnership. Current discussions reportedly center on a significantly smaller equity investment -- potentially in the tens of billions of dollars -- as part of OpenAI's ongoing fundraising round. An Nvidia spokesperson told Benzinga in an emailed statement that the company has been "OpenAI's preferred partner for the last 10 years. We look forward to continuing to work together." OpenAI did not immediately respond to Benzinga's request for comment. Jensen Huang Signals Caution Behind The Scenes Nvidia CEO Jensen Huang has privately said that the original $100 billion proposal was nonbinding and never finalized, the report said. Huang has also expressed concerns about what he views as a lack of financial discipline at OpenAI, particularly as the company spends aggressively to scale infrastructure. OpenAI Draws Intense Big Tech Interest The talks come as OpenAI reportedly seeks to raise up to $100 billion at a valuation of roughly $830 billion. Amazon is also in discussions to invest tens of billions of dollars in OpenAI, with the figure potentially reaching $50 billion, Reuters reported Thursday. OpenAI Revenue Surges Past $20 Billion Earlier this month, OpenAI disclosed that its annualized revenue run rate topped $20 billion in 2025, marking a 233% jump from 2024 and a sharp acceleration from the previous year, when revenue climbed from $2 billion in 2023 to $6 billion in 2024. Despite the rapid growth, the company is reportedly burning more than $17 billion a year, with subscription revenue alone potentially insufficient to sustain its highly compute-intensive AI operations. Price Action: Nvidia slid 0.49% in after-hours trading to $190.20, according to Benzinga Pro. Despite the pullback, Nvidia holds a strong Quality rating in Benzinga's Edge Stock Rankings, supported by a positive price trend across short, medium and long-term time horizons. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image via Shutterstock Market News and Data brought to you by Benzinga APIs

Nvidia Stock Dips as Huang Walks Back Fears of a $100B OpenAI Bet | Investing.com UK

NVIDIA Corporation (NASDAQ:NVDA) stock edged lower in premarket trading on February 2, 2026, following clarifying statements from CEO Jensen Huang regarding the company's proposed investment in OpenAI. Speaking to reporters in Taipei, Huang emphasized that the previously announced $100 billion figure was never a binding commitment, but rather represented a maximum investment ceiling that Nvidia would approach incrementally on a case-by-case basis. The clarification comes after reports suggested internal doubts at Nvidia about the arrangement, which some characterized as "vendor financing" that could create excessive dependence on a single customer. During his remarks in Taipei, Huang made clear that Nvidia's approach to the OpenAI investment would be measured and strategic. "It was never a commitment," Huang told reporters. "They invited us to invest up to $100 billion and of course, we were very happy and honored that they invited us, but we will invest one step at a time." The original letter of intent, signed in September 2025, outlined plans to support OpenAI's expansion of AI data centers with at least 10 gigawatts of power capacity, equivalent to New York City's peak electricity demand, all equipped with Nvidia's advanced chips. The clarification addresses concerns that emerged after The Wall Street Journal reported the investment plan had stalled due to internal skepticism at Nvidia. Some employees and analysts worried about the "vendor financing" nature of the arrangement, where Nvidia would provide funding that OpenAI would then use to purchase Nvidia systems. This structure raised questions about whether such heavy reliance on a single customer conflicted with Nvidia's broader strategy of serving the entire AI market, including competitors like Google and Anthropic. As of 4:48 AM EST on February 2, 2026, Nvidia shares traded at $187.74 in premarket activity, down $3.39 or 1.77% from the previous close of $191.13. The modest decline reflects investor concerns about the strategic implications of the OpenAI investment, though the stock has maintained strong performance over longer timeframes. Nvidia closed the previous trading session down 0.72%, having traded in a range of $189.47 to $194.49 during regular hours on January 30, 2026. Despite the premarket weakness, Nvidia's fundamental position remains robust with a market capitalization of $4.653 trillion and strong analyst support maintaining a consensus "Strong Buy" rating with an average price target of $253.62. The company's strategic caution on the OpenAI investment highlights a broader industry trend toward measured, strategic deployment of capital in AI infrastructure rather than headline-grabbing commitments. By maintaining flexibility across its customer base, Nvidia aims to preserve its dominant position supplying chips to multiple AI developers while carefully managing financial exposure to any single partner. *** Looking to start your trading day ahead of the curve?

Nvidia's shares weakened by doubts over its partnership with OpenAI

Nvidia shares were down nearly 1% in premarket trading on Monday, amid growing uncertainty around its planned massive investment in OpenAI. First announced in September 2025, the commitment envisioned up to $100bn to develop computing infrastructure for the artificial intelligence start-up, although the project now appears to be on hold. According to The Wall Street Journal, internal differences and the lack of a formal agreement are complicating the rollout of the initiative. Nvidia CEO Jensen Huang is said to have privately voiced reservations about OpenAI's commercial strategy and pointed to the rising strength of rivals such as Google and Anthropic. While Huang has publicly denied any disagreement, he has nonetheless acknowledged that the final investment would be less than what was initially floated, while reiterating his support for OpenAI and its chief executive, Sam Altman. He described the collaboration as a priority for Nvidia, promising an investment that is "likely the largest ever made" by his company. Those comments were not enough to reassure markets, however. Analysts cite a lack of clarity over the actual contours of the deal, ambiguity that is keeping investors on edge. Caution prevails as Nvidia remains a central player in the AI ecosystem, and any delay or revision to its strategic partnerships can weigh on its stockmarket valuation.

Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports

Jan 30 (Reuters) - Nvidia's plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, the Wall Street Journal reported on Friday. Both companies are rethinking the future of their partnership, and the latest discussions include an equity investment of tens of billions of dollars as part of OpenAI's current funding round, the Journal said, citing people familiar with the matter. Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was non-binding and not finalized, the report said. Huang has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Alphabet's Google and Anthropic, the WSJ added. Reuters could not immediately verify the report. OpenAI and Nvidia did not immediately respond to Reuters' request for comment. (Reporting by Fabiola Arámburo in Mexico City; Editing by Chris Reese)