Nvidia CEO Jensen Huang dismissed recent claims of tension with OpenAI as "nonsense" during remarks made on Saturday.

This statement followed a late Friday report suggesting Nvidia was reconsidering its investment commitment to OpenAI. The two companies had previously announced a September agreement where Nvidia would invest up to $100 billion and construct 10 gigawatts of computing infrastructure for the AI firm. However, the report indicated Huang has since highlighted the nonbinding nature of the deal and privately raised concerns about OpenAI's business approach and competitive threats from firms like Anthropic and Google. It was also noted that while the partnership is being reassessed, it is not ending, with recent talks shifting toward a potential equity investment from Nvidia in the tens of billions. An OpenAI representative stated the companies are "actively working through the details of our partnership," emphasizing that Nvidia "has underpinned our breakthroughs from the start, powers our systems today, and will remain central as we scale what comes next."

When questioned about the report during a visit to Taipei, Huang affirmed Nvidia's intention to "definitely participate" in OpenAI's upcoming funding round, calling it "such a good investment." He expressed strong confidence in the company, stating, "We will invest a great deal of money. I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time."

Huang chose not to disclose the specific investment amount, deferring to OpenAI CEO Sam Altman by saying, "Let [Sam Altman] announce how much he’s going to raise - it’s for him to decide."

Recent reports have indicated OpenAI is seeking to raise $100 billion in a new funding round, with Nvidia, Amazon, Microsoft, and SoftBank all reportedly in discussions about potential investments.