By @mgsiegler
Publication Date: 2026-02-01 15:53:00
When is $100B not $100B? Apparently when it’s an amount touted in the highest profile way possible by two of the biggest companies in the world!
That’s the part I don’t understand about the push-back against the reports that NVIDIA is no longer planning to invest that amount of money into OpenAI. Again, they touted it in their own release! As did OpenAI! There was an interview on live TV and everything! And now it’s not like Jensen Huang is flatly denying the new reporting about the change in scope, if not in heart, but he’s clearly trying to gaslight his way out of the situation.
When asked about the shift this week, Huang would only say things like, “We will invest a great deal of money.” But he wouldn’t give an actual figure or even range beyond saying that it was “probably the largest investment we’ve ever made.” That’s nice, but again, it’s not a denial that it’s different from what the companies had originally intended! He’s trying to sweep that right under the rug as a “nothing to see here” but again, we all saw it! And heard about it to no end! This is not that!
In fact, when the $100B number was brought up in relation to Huang’s “largest investment” point, the answer was: “No, no, nothing like that.”
Now, to be fair and clear, that entire deal seemed a bit slippery from the start. That’s exactly why my headline about it was, “NVIDIA (Intends to) Invest (Up to) $100B in OpenAI (Over Time)“. As I wrote back in September:
First and foremost, it’s a letter…
