And NVDA's owners breathe a sigh of relief.
From CNBC, March 4:
- Nvidia CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI “might be the last time” it invests in the AI startup as it gears up to go public.
- Huang was speaking during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday.
- Huang also mentioned that Nvidia’s $10 billion investment in OpenAI rival Anthropic would likely be its last.
Nvidia CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI “might be the last time” it invests in the artificial intelligence startup before it could go public toward the end of the year.
Huang said the opportunity to invest $100 billion in OpenAI, which was the figure that the two companies touted as part of a massive infrastructure deal in September, is probably “not in the cards.”
“The reason for that is because they’re going to go public,” Huang said during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday.
He also mentioned that Nvidia’s $10 billion investment in OpenAI rival Anthropic would likely be its last. Nvidia previously shared its plans to invest in Anthropic in an announcement alongside Microsoft in November.
Huang’s comments come after months of speculation about the scope of Nvidia’s relationship with OpenAI. The chipmaker disclosed in a quarterly filing in November that the previously announced $100 billion deal may not come to fruition, and the Wall Street Journal reported in January that the agreement was “on ice.”
Nvidia included similar language in its quarterly filing in February, which noted that there was “no assurance” that the company will enter into an “investment and partnership agreement with OpenAI or that a transaction will be completed.”
The chipmaker’s $30 billion investment in OpenAI was unveiled as part of a $110 billion funding round that the startup announced on Friday. The round also included a $50 billion commitment from Amazon and a $30 billion commitment from SoftBank....
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