Nvidia’s Jensen Huang denies rumors of issues with OpenAI deal: Everything is proceeding as planned.

Nvidia CEO Jensen Huang denies rumors of tensions with OpenAI, confirms participation in OpenAI’s next round of financing and calls it “the largest private fundraising in history.” On Tuesday, February 3, Huang stated in an interview with CNBC’s Jim Cramer that the company’s investment plan in OpenAI is still “proceeding as planned,” denying recent market rumors of strained relations between the two sides. He emphasized: “There is absolutely no controversy, these claims are pure nonsense… no drama whatsoever, everything is going according to plan… we are very happy to work with OpenAI.” Huang further confirmed that Nvidia will participate in OpenAI’s next round of fundraising, which he described as “the largest private fundraising in history.” On Monday, Altman responded on social media to discussions about the company’s relationship with Nvidia: “We are very happy to work with Nvidia, they make the world’s best AI chips. We hope to be their biggest customer for a long time. I don’t understand where these crazy rumors come from.” Previously, WallstreetCN mentioned that Nvidia’s “$100 billion mega deal” with OpenAI had stalled. As the news continued to ferment, Nvidia’s share price closed down nearly 3% on Monday and dropped another 4% after opening Tuesday, leading declines in the technology sector, and has now fallen 16% from its peak in October. Nvidia commits to long-term investment participation On Tuesday, Huang stated, “Nvidia will invest in OpenAI’s next round of financing, ‘no doubt about it.’” He added that Nvidia will consider participating in any future fundraising rounds for OpenAI and hopes to be involved in OpenAI’s eventual IPO. Since its inception, OpenAI has used Nvidia’s GPUs to build and run its AI models. In September last year, Huang and OpenAI CEO Sam Altman jointly announced a letter of intent, with Nvidia planning to invest up to $100 billion in the AI lab in multiple tranches. According to the agreement, OpenAI will build its AI infrastructure based on Nvidia technology, with power demands reaching 10 gigawatts. However, in recent months, Altman said that OpenAI does not have enough chips to meet demand for products like ChatGPT, and could generate more revenue if it had greater computing power. OpenAI has reached chip deals with Nvidia’s competitors, including AMD, Broadcom, and Cerebras. These moves have fueled market speculation about the relationship between the two sides. Risk Warning and Disclaimer The market carries risks, and investment should be undertaken cautiously. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of any particular user. Users should consider whether any opinions, views, or conclusions in this article are appropriate for their specific situations. Investment decisions are made at your own risk.