Nvidia plans largest ever investment in OpenAI despite stall reports
NVIDIA CEO Jensen Huang stated in Taipei that the company plans a substantial investment in OpenAI’s latest funding round, countering a Wall Street Journal report on rethinking a prior $100 billion deal.
In September, NVIDIA and OpenAI announced a joint plan for NVIDIA to invest up to $100 billion in constructing 10 gigawatts of AI data centers. The companies specified that the first phase of this project would go online in the second half of 2026. This initiative aimed to expand AI infrastructure capacity through dedicated data centers powered by NVIDIA’s technology.
The Wall Street Journal reported on Friday, citing sources familiar with the discussions, that the two companies were reconsidering the $100 billion arrangement. Negotiations had not advanced beyond initial stages, and the agreement remained nonbinding. The report also indicated that Huang had privately emphasized the nonbinding nature of the deal and critiqued OpenAI’s business approach for lacking discipline.
Speaking to reporters in Taipei over the weekend, Huang said NVIDIA would “invest a great deal of money” in OpenAI’s current funding round. He described it as potentially “the largest investment we’ve ever made,” according to Bloomberg reporting.
Bloomberg further quoted Huang dismissing the Wall Street Journal’s claims as “nonsense.” He affirmed, “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang clarified, however, that NVIDIA’s commitment in this funding round would not approach $100 billion.