Nvidia CEO Jensen Huang confirmed the company will execute its largest ever investment in OpenAI. This announcement refutes recent reports suggesting the partnership had stalled.
The move follows speculation that internal concerns suspended a prior non-binding agreement for a $100 billion investment. Huang clarified the new commitment will not resemble the previously discussed $100 billion figure.
Sources familiar with the matter indicate Nvidia is nearing a deal to invest approximately $20 billion in OpenAI’s latest funding round. While terms remain fluid, the parties are reportedly nearing a final agreement.