Jensen Huang says a $100 billion investment in OpenAI is 'probably not in the cards'

"Just for everybody's update, we finalized our agreement. We're going to invest $30 billion in OpenAI. This might be the last time we'll have the opportunity to invest in a consequential company like this."

"Such a massive investment in the ChatGPT maker is probably not in the cards, adding that they're going to go public towards the end of the year. Nvidia will focus on supplying the massive computing power OpenAI needs to train and run its AI models."

"Last year, Nvidia said it could invest up to $100 billion in OpenAI as part of a partnership to build out AI infrastructure. The deal would see the companies construct at least 10 gigawatts of AI data centers powered by Nvidia systems."

Nvidia CEO Jensen Huang announced at a Morgan Stanley conference that Nvidia will invest $30 billion in OpenAI, dismissing earlier speculation about a $100 billion investment as unlikely given OpenAI's planned public offering later in the year. Huang emphasized this may be Nvidia's last opportunity to invest in such a significant company before its IPO. Nvidia's role will focus on supplying the computing infrastructure OpenAI requires for training and operating its AI models. Huang also noted that Nvidia's $10 billion investment in OpenAI competitor Anthropic will likely be its final investment in that company, as Anthropic similarly prepares for a public listing.

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