Nvidia CEO Jensen Huang announced that the previously considered $100 billion investment in OpenAI is unlikely, as the company plans to go public later this year. At a Morgan Stanley conference, he confirmed Nvidia’s commitment to invest $30 billion in OpenAI, emphasizing this as a potential last opportunity to invest in a significant AI company. Last year, Nvidia proposed the larger investment to support the development of AI infrastructure, intending to build at least 10 gigawatts of AI data centers using Nvidia systems. Huang noted the increasing demand for immense computational power for OpenAI’s AI models and indicated that revenues would naturally follow. He also mentioned a $10 billion investment in OpenAI competitor Anthropic, which is preparing to go public amid rising investor interest. Huang dismisses tensions regarding the investment in OpenAI and reaffirms his confidence in the company’s leadership and vision, highlighting its pivotal role in advancing AI technologies.
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