NVIDIA CEO Jensen Huang stated that the company's proposed $100 billion investment in OpenAI was never a commitment. They invited us to make an investment of up to $100 billion, and of course, we are very pleased and honored to have been invited, but we will proceed with the investment gradually. According to a letter of intent signed in September last year, NVIDIA announced its plan to invest up to $100 billion in OpenAI to support new data centers and other AI infrastructure. The deal aims to help OpenAI build data centers with a power generation capacity of at least 10 gigawatts (equivalent to New York City's peak electricity demand), equipped with NVIDIA's advanced chips for training and deploying AI models. (Jin Ten)
NVIDIA CEO Jensen Huang Clarifies $10 Billion OpenAI Investment Is Not a Commitment
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Summary
NVIDIA CEO Jensen Huang stated that the $10 billion investment in OpenAI is not a binding commitment. A term sheet dated September 2025 outlines plans to fund AI infrastructure, including data centers with 10 gigawatts of power. The project will utilize NVIDIA chips for training AI models. New token listings on major exchanges have also seen increased activity. The latest inflation data showed mixed results, affecting market sentiment.
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