Speaking to reporters in Taipei, Huang described claims that he was unhappy with OpenAI as “nonsense,” emphasising Nvidia’s confidence in the company and its leadership. His comments follow recent media reports suggesting that a previously discussed investment framework had stalled amid internal reservations at Nvidia.
In September, Nvidia announced plans to invest up to $100 billion in OpenAI, a move that would provide the ChatGPT maker with significant capital and long-term access to advanced chips—critical to sustaining its edge in a rapidly intensifying AI race. However, a report by The Wall Street Journal on Friday said the plan had slowed after some executives within Nvidia raised doubts, noting that the original $100 billion figure was non-binding and had not been finalised.
The report also said Huang had privately voiced concerns about what he described as a lack of business discipline at OpenAI and warned of rising competition from rivals such as Google, owned by Alphabet, and AI startup Anthropic.
Addressing those reports directly, Huang struck a more conciliatory tone, praising OpenAI’s impact and reaffirming Nvidia’s commitment to the partnership. “We are going to make a huge investment in OpenAI. I believe in OpenAI—the work that they do is incredible. They are one of the most consequential companies of our time, and I really love working with Sam,” Huang said, referring to OpenAI Chief Executive Officer Sam Altman.
He added that Altman is currently finalising the funding round and confirmed that Nvidia would be a participant. “We will invest a great deal of money, probably the largest investment we’ve ever made,” Huang said, while clarifying that the amount would not approach $100 billion. He noted that it would be up to Altman to disclose the final size of the fundraising.
The comments come amid heightened investor interest in OpenAI. Reuters reported on Thursday that Amazon is in talks to invest tens of billions of dollars in the company, with figures potentially reaching as high as $50 billion. OpenAI is reportedly seeking to raise up to $100 billion in fresh funding, which could value the company at around $830 billion.
Huang was speaking after hosting a gathering of Nvidia’s key suppliers in Taiwan, including Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker. Taiwanese media dubbed the event the “trillion-dollar dinner,” a reference to the combined market capitalisation of the companies represented.
As competition in artificial intelligence intensifies and capital requirements continue to surge, Nvidia’s reaffirmed support for OpenAI underscores the strategic importance of alliances between leading AI developers and the chipmakers powering their technologies.