Nvidia CEO Jensen Huang has firmly denied reports that his company is backing away from OpenAI, calling those claims “nonsense.”
Speaking late Saturday in Taipei, Huang said Nvidia is still planning a huge investment in OpenAI, despite reports suggesting otherwise. The comments came after the Wall Street Journal claimed Nvidia had paused plans to invest up to $100 billion in the AI company.
Nvidia first announced the massive investment plan back in September, saying the money would go toward building infrastructure for next-generation artificial intelligence.
But the Wall Street Journal, citing unnamed sources, reported that some people inside Nvidia had doubts about the deal and that the partnership was being reconsidered.
Huang pushed back strongly.
“That’s complete nonsense,” he said. “We are going to make a huge investment in OpenAI.”
He went on to describe OpenAI as one of the most important companies of our time, making it clear that Nvidia remains fully committed.
“Sam is closing the funding round, and we will absolutely be part of it,” Huang said, referring to OpenAI CEO Sam Altman. He added that Nvidia plans to invest a great deal of money, likely the largest investment the company has ever made.
Nvidia plays a central role in the AI boom. Its graphics processing units (GPUs) — originally designed for video games — are now essential for training and running large language models like ChatGPT and Google’s Gemini.
That demand helped push Nvidia’s market value above $5 trillion in October, though it has since dropped by more than $600 billion.
Companies like OpenAI are pouring huge amounts of funding into GPU-packed data centers, betting on explosive demand for AI services — and much of that spending continues to flow straight to Nvidia.
In short, despite the rumors, Huang’s message was clear: Nvidia is all in on OpenAI.
