“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,” Jensen Huang told reporters in Taipei on Sunday (Feb. 1), per a report from Bloomberg News.
In a letter of intent signed in September of last year, Nvidia said it planned to invest as much as $100 billion in OpenAI to help it construct data centers and other artificial intelligence (AI) infrastructure, with those data centers using Nvidia chips.
Huang’s comments came in the wake of a Wall Street Journal (WSJ) report from Friday (Jan. 30) which said the planned investment had stalled after some people within Nvidia began having doubts about the deal.
That report — which cited sources familiar with the matter — said that Huang had privately stressed that the $100 billion agreement was nonbinding, had privately criticized what he has characterized as a lack of discipline in OpenAI’s business approach and expressed worries about competition.
Per the Bloomberg report, Huang said Saturday (Jan. 31) it was “nonsense” to suggest he was unhappy with OpenAI.
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“We will invest a great deal of money,” he said. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.”
The news…
