"This was reported by Reuters and Bloomberg in separate reports. Speaking to the media in the Taiwanese capital, he stated that Nvidia intends to contribute a very substantial amount to OpenAI's new capital round. He expressed his confidence in the AI company and in the collaboration with CEO Sam Altman. According to him, the investment round is currently being finalized and Nvidia is participating in it."
"Although Huang did not mention an amount, he indicated that it is likely to be the largest investment Nvidia has ever made. At the same time, he tempered expectations by saying that it is not in the order of $100 billion. In September, a letter of intent mentioned a possible total investment of that magnitude. It was intended to support the construction of large-scale AI data centers and infrastructure. Internally, it was emphasized that this agreement was not binding."
Nvidia CEO Jensen Huang stated that Nvidia is preparing a very large investment in OpenAI and is participating in the company's new capital round. Huang affirmed confidence in OpenAI and its collaboration with CEO Sam Altman and said the investment round is being finalized. He did not specify a figure but indicated the stake would likely be Nvidia's largest investment while noting it is not on the order of $100 billion. A prior letter of intent mentioned up to $100 billion for data centers and infrastructure but that agreement was non-binding. Concerns remain about circular AI deals involving chipmakers and major hardware customers.
Read at Techzine Global
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