(Jan 31): Nvidia Corp will “absolutely” be involved in OpenAI’s current funding round, though the investment will be “nothing like” US$100 billion ($127 billion), chief executive officer Jensen Huang said.
Huang declined to specify how much the investment will be, though he added that it would probably be “the largest investment we have ever made”.
“We will definitely participate in the next round of financing, because it’s such a good investment,” Huang told reporters in Taipei. “It’s a great pleasure.”
Nvidia and OpenAI announced in September they had signed a letter of intent that could see the chip giant invest as much as US$100 billion in the artificial intelligence firm. The Wall Street Journal reported on Friday that the investment plans had stalled after some inside Nvidia expressed doubts about the deal.
According to the September announcement, the US$100 billion was meant to support new data centres and other AI infrastructure, built with Nvidia components. They were aiming for 10 gigawatts’ worth of computing power — equivalent to the peak electricity demand of New York City.
OpenAI has been seeking to raise as much as US$100 billion in its current funding round. Amazon.com Inc is in talks to invest as much as US$50 billion and expand an agreement that involves selling computer power to the AI start-up, Bloomberg reported on Thursday.
See also: Nvidia halted plans to invest US$100 bil in OpenAI — WSJ
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