Jensen Huang Says Nvidia’s OpenAI IPO and Other Investments Are Proceeding as Planned, Denies Friction

[Financial News] Jensen Huang, chief executive of Nvidia, said the company will continue investing in artificial intelligence firm OpenAI, dismissing recent reports of friction between the two companies.
In an interview with CNBC on the 3rd (local time), Huang stated that Nvidia’s investments, including participation in OpenAI’s initial public offering (IPO), are moving ahead as planned.
Calling the rumors of discord baseless, Huang said, "There is absolutely no drama. We love working with OpenAI."
On the 1st, Huang had already rejected speculation about tensions, saying the next funding round for OpenAI would be the largest in history.
A day earlier, Sam Altman, CEO of OpenAI, also tried to quell the rumors by posting on social media platform X that Nvidia is building the world’s best AI chips, adding, "We hope to remain a major customer for a long time."
Some outlets, including The Wall Street Journal, reported that OpenAI has been dissatisfied with certain latest Nvidia AI chips and has been looking to other semiconductor makers since last year.
The Journal suggested that a deal under which Nvidia would invest up to 100 billion dollars (about 145 trillion won) in OpenAI, agreed last September, could fall apart.
Since its founding, OpenAI has consistently used Nvidia’s graphics processing units (GPUs).
However, in recent months, Sam Altman, the OpenAI CEO, has complained of a shortage of chips needed for ChatGPT and has signed purchase agreements with companies such as Advanced Micro Devices (AMD), Broadcom, and Cerebras Systems.


jjyoon@fnnews.com Yoon Jae-joon Reporter