"According to Bloomberg, reporters asked Huang about the report during a visit to Taipei. In response, he insisted that Nvidia will "definitely participate" in OpenAI's latest funding round "because it's such a good investment," according to Bloomberg. "We will invest a great deal of money," Huang said. "I believe in OpenAI. The work that they do is incredible. They're one of the most consequential companies of our time.""
"The Wall Street Journal published a story late Friday claiming that Nvidia was looking to scale back its investment in OpenAI. The two companies announced a plan in September in which Nvidia would invest up to $100 billion in OpenAI and also build 10 gigawatts of computing infrastructure for the AI company. However, the WSJ said Huang has begun emphasizing that the deal is nonbinding, and that he's also privately criticized OpenAI's business strategy and expressed concerns about competitors like Anthropic and Google."
Nvidia and OpenAI announced a September plan in which Nvidia would invest up to $100 billion and build 10 gigawatts of computing infrastructure for OpenAI. Subsequent reports suggested Nvidia might scale back its investment, emphasize the deal is nonbinding, and that Jensen Huang had privately criticized OpenAI's strategy while expressing concern about competitors such as Anthropic and Google. OpenAI stated Nvidia has underpinned its breakthroughs and will remain central as it scales. Huang publicly affirmed Nvidia will "definitely participate" in the funding round, said he believes in OpenAI, and declined to specify the exact investment amount.
Read at TechCrunch
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