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DEVELOPING: 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. Huangs comments came after The Wall Street Journal published a story late Friday claiming that Nvidia was looking to scale back its investment in OpenAI.

KEY DETAILS:
• 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 hes also privately criticized OpenAIs 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 doesnt mean cutting things off entirely, with recent discussions reportedly focusing on an equity investment of a mere tens of billions of dollars from Nvidia.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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