NVIDIA stock faced premarket pressure Monday. This followed a Wall Street Journal report claiming the potential $100 billion investment in OpenAI had stalled. The WSJ cited internal concerns as the reason. The partnership was announced in September and involves building extensive AI infrastructure for the ChatGPT creator.
CEO Jensen Huang refuted the claims while speaking in Taipei. Huang labeled the idea that he was unhappy with OpenAI as "complete nonsense."
He confirmed NVIDIA still plans a "huge investment." The company will participate in OpenAI's upcoming funding round. Huang clarified the $100 billion figure is not a firm commitment. Instead, it represents an investment ceiling. NVIDIA plans to invest incrementally.