Nvidia CEO Jensen Huang has denied reports that he is unhappy with OpenAI, confirming the company still plans to make a “huge” investment in the ChatGPT developer, though it will not approach the previously mentioned US$100 billion (A$144 billion) figure.

Speaking to reporters in Taipei, Huang described OpenAI as “one of the most consequential companies of our time” and praised its CEO Sam Altman.

“We will invest a great deal of money, probably the largest investment we’ve ever made,” Huang said, adding that it was “nonsense” to suggest he had doubts about the partnership.

The clarification comes after reports in the Wall Street Journal suggested Nvidia’s original September plan to invest up to US$100 billion in OpenAI had stalled. Sources cited internal concerns over the scale of the deal, competition from Google’s Gemini and Anthropic and a perceived lack of business discipline at OpenAI.

OpenAI

The initial proposal envisioned Nvidia supporting OpenAI’s AI infrastructure by building data centres with at least 10 gigawatts of computing power, equivalent to the peak electricity usage of New York City.

However, talks have shifted toward a traditional equity investment in the tens of billions of dollars, rather than a massive infrastructure project.

OpenAI is currently seeking up to US$100 billion in its latest funding round, with other tech giants including Amazon, Microsoft and SoftBank reportedly in discussions.

Amazon alone could contribute as much as $50 billion, according to sources. OpenAI is targeting an IPO by the end of 2026, with a potential valuation of $750–$830 billion.

Huang’s statements came outside a Taipei dinner with Nvidia’s key suppliers, including contract chipmaker TSMC, an event Taiwanese media dubbed the “trillion-dollar dinner” due to the combined market capitalisation of attendees.