Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Key Moments

  • Nvidia CEO Jensen Huang announced a “huge” investment in OpenAI, likely the largest in Nvidia’s history.
  • Huang denied claims that he is unhappy with OpenAI, calling such reports “nonsense” and reaffirming his confidence.
  • Nvidia will join OpenAI’s current funding round, though the investment will not reach the previously mentioned $100 billion level.

Huang Reaffirms Commitment to OpenAI

Nvidia CEO Jensen Huang said the company is moving forward with a major investment in OpenAI. He described the planned commitment as “huge” and likely the largest Nvidia has ever made.

Speaking to reporters in Taipei on Saturday, Huang rejected speculation that he was unhappy with OpenAI. He called such claims “nonsense,” according to Reuters and Bloomberg.

“We are going to make a huge investment in OpenAI. I believe in OpenAI. The work they do is incredible. They are one of the most consequential companies of our time,” Huang said.

Background on the Proposed $100 Billion Plan

In September, Nvidia had suggested a potential $100 billion investment in OpenAI. This plan aimed to provide both capital and advanced chips to help OpenAI maintain its edge in artificial intelligence.

However, The Wall Street Journal reported Friday that the deal faced delays. According to sources, Huang described the initial $100 billion plan as non-binding and not finalized.

Additionally, Huang reportedly voiced concerns about OpenAI’s business discipline and highlighted competitive pressures from companies such as Google and Anthropic.

Clarifying the Current Funding Round

In response, Huang confirmed Nvidia will participate in OpenAI’s ongoing fundraising. “Sam is closing the round, and we will absolutely be involved,” he said. “We will invest a great deal of money, probably the largest investment we’ve ever made.”

When asked if the commitment would exceed $100 billion, Huang replied, “No, no, nothing like that.” He added that OpenAI CEO Sam Altman would disclose the total size of the current round.

Key Figures and Deal Status

ItemDetail
Previously announced potential investmentUp to $100 billion
Original agreement (per WSJ report)Non-binding and not finalized
Huang’s description of upcoming investment“Huge” and “probably the largest investment we’ve ever made”
Huang on exceeding $100 billion“No, no, nothing like that.”
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Silver Sinks 30% as Markets React to Fed OutlookSilver Sinks 30% as Markets React to Fed Outlook Key Moments Silver prices suffered a nearly 30% decline, described as a "move for the history books." The sharp drop in silver coincided with meaningful declines in Gold and Copper, as outlined by MUFG's Michael Wan. A […]
  • Next share price down,  projects lower sales growthNext share price down, projects lower sales growth Next Plc lowered its full-year sales guidance on Thursday after Britains second-largest clothing retailer posted a healthy increase in annual profit.The company projected its Next Brand to deliver sales growth of between 1.5% and 5.5% in […]
  • Forex Market: EUR/USD daily trading forecastForex Market: EUR/USD daily trading forecast Yesterday’s trade saw EUR/USD within the range 1.0994-1.1095. The pair closed at 1.1048, up 0.48% on a daily basis and marking a third consecutive trading day of gains. The daily rate of change has also been the steepest since June 29th, when […]
  • Forex Market: GBP/BGN trading outlook for April 25thForex Market: GBP/BGN trading outlook for April 25th Friday’s trade saw GBP/BGN within the range of 2.4741-2.5145. The pair closed at 2.5103, surging 1.14% on a daily basis. It has been the 14th gain in the past 22 trading days and also the sharpest one since October 22nd 2015, when the pair […]
  • Facebook share price down, allows developers to add new features to MessengerFacebook share price down, allows developers to add new features to Messenger Facebook Inc announced on Wednesday a platform which would allow developers to create applications that integrate with its Messenger service.The worlds largest social network made the announcement during its annual developer F8 conference […]
  • Wells Fargo Sees Fed Liquidity Shift Creating Tactical Buy-the-Dip Window in S&P 500Wells Fargo Sees Fed Liquidity Shift Creating Tactical Buy-the-Dip Window in S&P 500 Key Moments Wells Fargo analysts expect a sharp reversal in tight liquidity as the Federal Reserve expands its balance sheet into early 2026. The Fed plans to buy about $40 billion per month in short-dated Treasury bills, with […]