Nvidia CEO signals investment in OpenAI round may be largest yet

Nvidia Corp. Chief Executive Officer Jensen Huang said the company will be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.”

“We will invest a great deal of money,” Huang told reporters while visiting Taipei on Saturday. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang didn’t say exactly how much the company might contribute but described the investment as “huge.” 

“Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, adding that Altman is in the process of closing the round. “But we will definitely participate in the next round of financing because it’s such a good investment.”

The Wall Street Journal reported on Friday that a plan that Nvidia had announced in September to invest as much as $100 billion in OpenAI overall had stalled after some inside the chip giant expressed doubts about the deal. Citing unidentified people familiar with the matter, the Journal reported that Huang had privately emphasized that the $100 billion agreement was nonbinding, had privately criticized what he has described as a lack of discipline in OpenAI’s business approach and expressed concern about competition.  

When asked by a reporter in Taipei about the report that seemed to suggest he wasn’t very happy with...