Nvidia chief executive Jensen Huang has said the US technology company will make a “huge” investment in OpenAI, rejecting as “nonsense” reports that he is dissatisfied with the generative artificial intelligence firm.
Huang made the comments late on Saturday in Taipei after The Wall Street Journal reported that Nvidia’s plan to invest up to $100 billion in OpenAI had been put on hold. Nvidia announced in September that it planned to invest $100 billion in OpenAI as part of efforts to build infrastructure for next-generation artificial intelligence.
The Wall Street Journal, citing unnamed sources, reported that some Nvidia staff had raised concerns about the deal and that both sides were reconsidering the partnership.
Responding to questions about the report, Mr Huang told journalists: “That’s complete nonsense. We are going to make a huge investment in OpenAI.”
He said Nvidia was proceeding with its plans, terming OpenAI as “one of the most consequential companies of our time”.
“Sam is closing the round, and we will absolutely be involved in the round,” Huang said, referring to OpenAI chief executive Sam Altman.
“We will invest a great deal of money, probably the largest investment we have ever made.”
Nvidia currently dominates spending on the processors used to train and operate large language models behind chatbots such as OpenAI’s ChatGPT and Google Gemini.
Sales of Nvidia’s graphics processing units, originally developed for 3D gaming, pushed the company’s market capitalisation above $5 trillion in October, although its valuation has since fallen by more than $600 billion.
Developers of large language models, including OpenAI, are directing much of their recent funding into Nvidia products, racing to build data centres filled with GPUs to meet expected demand for artificial intelligence services.
