Nvidia CEO Jensen Huang stated Saturday {that a} current report of friction between his firm and OpenAI was “nonsense.”
Huang’s feedback got here after The Wall Avenue Journal revealed a narrative late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The 2 firms introduced a plan in September through which Nvidia would invest up to $100 billion in OpenAI and likewise construct 10 gigawatts of computing infrastructure for the AI firm.
Nevertheless, the WSJ stated Huang has begun emphasizing that the deal is nonbinding, and that he’s additionally privately criticized OpenAI’s enterprise technique and expressed issues about opponents like Anthropic and Google.
The WSJ additionally reported that the 2 firms are rethinking their relationship — although that doesn’t imply reducing issues off completely, with current discussions reportedly specializing in an fairness funding of a mere tens of billions of {dollars} from Nvidia.
An OpenAI spokesperson instructed the WSJ that the businesses are “actively working by way of the small print of our partnership,” including that Nvidia “has underpinned our breakthroughs from the beginning, powers our programs right this moment, and can stay central as we scale what comes subsequent.”
Based on Bloomberg, reporters requested Huang concerning the report throughout a go to to Taipei. In response, he insisted that Nvidia will “definitely participate” in OpenAI’s newest funding spherical “as a result of it’s such a very good funding,” in keeping with Bloomberg.
“We’ll make investments an excessive amount of cash,” Huang stated. “I imagine in OpenAI. The work that they do is unbelievable. They’re one of the crucial consequential firms of our time.”
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June 23, 2026
He apparently declined to specify how a lot Nvidia could be investing, as a substitute saying, “Let [OpenAI CEO Sam Altman] announce how a lot he’s going to boost — it’s for him to resolve.”
The WSJ reported in December that OpenAI is looking to raise a $100 billion funding round, whereas The New York Instances stated this week that Nvidia, Amazon, Microsoft, and SoftBank are all discussing potential investments.
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