Nvidia CEO Confirms Up to $100 Billion OpenAI Investment, Denies Unhappiness Reports
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· 2 sourcesNvidia CEO Jensen Huang denied reports of being unhappy with OpenAI and confirmed the chip giant's planned investment in the AI startup, though he clarified it will not exceed the previously rumored $100 billion figure, according to Hacker News and The Verge. Huang praised OpenAI as "one of the most consequential companies of our time" and its CEO Sam Altman, The Verge reported. The comments addressed recent stock movement and business strategy discussions surrounding Nvidia's investment plans.
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Summary
Nvidia CEO Jensen Huang denied reports of being unhappy with OpenAI and confirmed the chip giant's planned investment in the AI startup will not exceed $100 billion. Huang praised OpenAI's work and CEO Sam Altman, stating the company is 'one of the most consequential companies of our time.' The article discusses Nvidia's stock movement following reports about its OpenAI investment plans and Huang's comments on the business strategy.
Key quotes
· 3 pulledWe are going to make a huge investment in OpenAI. I believe in OpenAI, the work that they do is incredible, they are one of the most consequential companies of our time, and I really love working with Sam
Sam is closing the round (of investment), and we will absolutely be involved
We are going to make a huge investment in OpenAI. I believe in OpenAI, the work that they do is incredible, they are one of the most consequential companies of our time, and I really love working with Sam
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