TAIPEI, Jan 31 (Reuters) – Nvidia plans to make a ‘gigantic’ investment in OpenAI, probably the biggest ever, the company’s chief executive, Jensen Huang, said this Saturday, denying that he is dissatisfied with the creator of ChatGPT.
In September, chipmaker Nvidia announced plans to invest up to $100 billion in OpenAI. The deal would give OpenAI the capital and access it needs to purchase advanced chips, essential to maintaining its dominant position in an increasingly competitive landscape.
The Wall Street Journal reported on Friday that the plan had been stalled after some employees at the chip giant expressed doubts about it.
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According to the report, Huang had emphasized in private conversations with industry associates in recent months that the original $100 billion agreement was non-binding and not finalized.
Huang also reportedly privately criticized what he described as a lack of discipline in OpenAI’s business approach and expressed concern about the competition it faces from companies such as Alphabet’s Google and Anthropic, according to the WSJ.
Speaking to the press in Taipei, Huang said it was ‘absurd’ to say he was dissatisfied with OpenAI.
‘We are going to make a big investment in OpenAI. I believe in OpenAI, the work they do is incredible, they are one of the most important companies of our time and I really love working with Sam,’ he said, referring to OpenAI CEO Sam Altman.
‘Sam is finalizing the round (of investment) and we will definitely participate,’ Huang added. ‘We will invest a large amount, probably the biggest investment we have ever made.’
Asked if the value would exceed US$100 billion, he replied: ‘No, no, nothing like that’.
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It’s up to Altman to announce how much he wants to raise, Huang added.
(Reporting by Ben Blanchard)
