- 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.
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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