Nvidia to Pour ‘Huge’ Funds into OpenAI, Likely Its Biggest Deal Yet

NVIDIA CEO Jensen Huang said the company will take part in OpenAI's most recent funding round, which could be "the largest investment we've ever made

Nvidia stock decline stopped and a strong rebound followed last week

Quick overview

  • NVIDIA CEO Jensen Huang announced the company's participation in OpenAI's latest funding round, potentially the largest investment they've ever made.
  • Huang expressed strong support for OpenAI, praising their significant contributions to the industry.
  • While he described the investment as 'huge,' he did not disclose the specific amount NVIDIA plans to contribute.
  • Huang indicated that OpenAI's Sam Altman will determine the final fundraising amount.

NVIDIA CEO Jensen Huang said the company will take part in OpenAI’s most recent funding round, which could be “the largest investment we’ve ever made.” While in Taipei on Saturday, Huang told reporters, “We will invest a great deal of money.” “I support OpenAI. The work they produce is amazing. They are among the most significant businesses of our day.

 

Huang called the investment “huge,” but he did not specify how much the company might contribute. As he arrives in Taipei for a dinner party with the company’s Taiwanese suppliers, Jensen Huang addresses members of the media. Huang added that Altman is in the process of closing the round and said, “Let Sam announce how much he’s going to raise—it’s for him to decide.”

However, because it’s such a wise investment, we will undoubtedly take part in the upcoming funding round. On Friday, the Wall Street Journal revealed that Nvidia had revealed a plan.

NVIDIA CEO Jensen Huang, the company will take part in OpenAI’s most recent funding round, which could be “the largest investment we’ve ever made.” While in Taipei on Saturday, Huang told reporters, “We will invest a great deal of money.” “I support OpenAI. The work they produce is amazing. They are among the most significant businesses of our day.

Huang called the investment “huge,” but he did not specify how much the company might contribute. As he arrives in Taipei for a dinner party with the company’s Taiwanese suppliers, Jensen Huang addresses members of the media.

Huang added that Altman is in the process of closing the round and said, “Let Sam announce how much he’s going to raise—it’s for him to decide.” However, because it’s such a wise investment, we will undoubtedly take part in the upcoming funding round. On Friday, the Wall Street Journal revealed that Nvidia had revealed a plan.

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Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

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