- Nvidia CEO Jensen Huang said the $100 billion OpenAI investment was never a firm commitment
- Nvidia will consider any OpenAI funding rounds on a case-by-case basis
- A September letter of intent outlined Nvidia's plan to invest up to $100 billion
Nvidia Corp. Chief Executive Officer Jensen Huang said the company's proposed $100 billion investment in OpenAI was "never a commitment" and that the company would consider any funding rounds "one at a time."
"It was never a commitment," Huang told reporters in Taipei. "They invited us to invest up to $100 billion and of course, we were, we were very happy and honored that they invited us, but we will invest one step at a time."
As part of a letter of intent signed in September, Nvidia said it planned to invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure. The deal was designed to help OpenAI build data centers with a capacity of at least 10 gigawatts of power - equivalent to the peak electricity demand of New York City - equipped with Nvidia's advanced chips to train and deploy AI models.
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The Wall Street Journal reported on Friday that the investment plan announced in September had stalled after some inside Nvidia expressed doubts about the deal.
ALSO READ: Nvidia Halts Plan To Invest $100 Billion In OpenAI, WSJ Says
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