Nvidia CEO Huang Clarifies He's Not Displeased with OpenAI, Announces 'Huge' Investment

• Huang called reports of his displeasure with OpenAI 'nonsense' and praised CEO Sam Altman, stating the investment would be Nvidia's largest ever but not the $100 billion figure previously discussed
• The WSJ had reported that Nvidia's initial plan to invest up to $100 billion had stalled due to concerns about OpenAI's business discipline and competition from Google and Anthropic
• Amazon is also in talks to invest tens of billions in OpenAI, with the figure potentially reaching significant levels as OpenAI pursues a $100 billion funding round

Summary: Nvidia CEO Clarifies OpenAI Investment Plans

Key Developments:

Nvidia CEO Jensen Huang publicly denied reports of displeasure with OpenAI and confirmed plans for a "huge" investment in the AI company, describing it as "probably the largest investment we've ever made." However, Huang clarified the amount would not reach $100 billion as previously speculated.

Background Context:

• In September, Nvidia was reported to be considering an investment of up to $100 billion in OpenAI
• The Wall Street Journal reported Friday that the deal had stalled amid internal doubts at Nvidia
• WSJ also claimed Huang had privately criticized OpenAI's business discipline and expressed concerns about competition from Google and Anthropic

Investment Details:

• OpenAI is seeking to raise up to $100 billion at an approximately $830 billion valuation
• Amazon is reportedly in talks to invest "dozens of billions," potentially up to an undisclosed amount
• Huang stated investment decisions rest with OpenAI CEO Sam Altman, whom he praised as leading "one of the most consequential companies of our time"

Market Context:

The announcement came during a high-profile "trillion-dollar dinner" in Taipei on January 31, 2026, where Huang hosted key Nvidia suppliers including TSMC. The event's nickname references the combined market capitalization of attending companies.

Implications:

The clarification addresses market uncertainty around Nvidia's AI strategy and its relationship with OpenAI, a critical customer for its advanced chips. The investment underscores the intensifying competition and capital requirements in the generative AI sector, with major tech companies vying for position in the rapidly evolving landscape.