Nvidia CEO Jensen Huang indicated the company’s potential investment in OpenAI will likely fall short of the $100 billion previously pledged for consideration. OpenAI’s plan to launch an initial public offering by the end of the year drove the revised strategy.
Nvidia previously contributed $30 billion to an OpenAI funding round, which was less than the pledged amount. Nvidia shares rose 2.5% in New York trading following Huang’s comments.
Huang also stated that a recent $10 billion investment in OpenAI competitor Anthropic would likely be Nvidia’s final contribution to that company.