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Report: NVIDIA's $100B OpenAI Investment Stalls
Nvidia's planned $100 billion OpenAI investment stalls amid concerns over financial prudence; other tech giants like Amazon and Microsoft join talks for multi-billion dollar funding rounds.
- On Friday, The Wall Street Journal reported Nvidia Corp.'s September letter of intent to invest $100 billion in OpenAI stalled after internal doubts emerged.
- Internal doubts at Nvidia emerged as Jensen Huang, Nvidia CEO, privately emphasized in recent months that the original $100 billion agreement with OpenAI was non-binding and insiders worried about deal size, terms, and circular deals.
- Huang told reporters in Taipei, `Sam is closing the round and we will absolutely be involved` while reports say recent talks focus on a smaller equity stake with Amazon.com Inc. and Microsoft Corp. also in discussions.
- Rethinking the partnership could reshape AI infrastructure and chip demand as OpenAI buys Nvidia AI processors and invests heavily in data centres.
- Investors warn that circular deals may inflate demand and raise sustainability concerns for the AI boom as Nvidia recently announced plans to put an additional $2 billion into CoreWeave Inc., and Huang's Saturday remarks in Taipei followed a suppliers' gathering dubbed the `trillion-dollar dinner`.
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The Mercury news+2 Reposted by 2 other sources
Nvidia CEO signals investment in OpenAI round may be largest yet
Nvidia Corp. Chief Executive Officer Jensen Huang said the company will be participating in OpenAI's latest funding round, describing it as potentially "the largest investment we've ever made."
·San Jose, United States
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Times of IndiaReposted by 
The Economic Times
The Economic TimesNvidia CEO Jensen Huang denies he is unhappy with OpenAI, says 'huge' investment planned
Nvidia CEO Jensen Huang said the company plans to make a “huge” investment in OpenAI, likely its largest ever, denying reports of unhappiness with the ChatGPT maker. The chipmaker had previously announced a potential $100 billion investment to help OpenAI access advanced chips. The Wall Street Journal said some internal doubts had stalled the deal.
·India
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Total News Sources73
Leaning Left6Leaning Right14Center14Last UpdatedBias Distribution41% Center, 41% Right
Bias Distribution
- 41% of the sources are Center, 41% of the sources lean Right
41% Right
L 18%
C 41%
R 41%
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