Explore the latest developments concerning Nvidia's Jensen Huang.
Nvidia's Jensen Huang denies OpenAI deal rumors: 'There’s no drama'
Nvidia CEO Jensen Huang said the chipmaker's plan to invest in OpenAI remains "on track" after recent reports suggested brewing tension between the two sides.
"There's no drama involved. Everything's on track," Huang told CNBC's Jim Cramer on Tuesday. The full interview will air later in the day on "Mad Money."
In September, Huang appeared with OpenAI CEO Sam Altman to announce a letter of intent that would involve his company investing up to $100 billion in the artificial intelligence lab in tranches. OpenAI would build AI infrastructure based around Nvidia's technology requiring up to 10 gigawatts of power.
But an SEC filing in November said the deal had not been finalized, and concern has mounted in the months sense that the announcement was little more than a press release. Over the past weekend, the Wall Street Journal reported that the deal was "on ice."
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Nvidia will consider investing in OpenAI IPO, CEO Huang tells CNBC
Feb 3 (Reuters) – Nvidia CEO Jensen Huang told CNBC in an interview on Tuesday that the company would consider investing in OpenAI's next fundraising round and the startup's eventual IPO.
Huang told CNBC Nvidia's plans to invest in OpenAI remained on track following recent reports that the deal had been stalled. The chipmaker had announced plans last September to invest up to $100 billion in the startup.
"We will invest in the next round," Huang told CNBC's Jim Cramer, calling it the "largest private round ever raised in history".
Nvidia plans to make a "huge" investment in OpenAI, probably its largest ever, Huang said on Saturday, denying he was unhappy with the ChatGPT maker.
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