- NVIDIA CEO Jensen Huang indicated the company’s recent $30 billion investment in OpenAI may be its last before the AI startup goes public.
- A previously discussed additional $100 billion investment in OpenAI is likely not planned for before the initial public offering.
- Huang also stated Nvidia’s $10 billion investment in rival Anthropic would potentially be its final round in that company.
- The CEO expressed confidence that providing necessary compute capacity would lead to corresponding revenues for OpenAI.
Nvidia Corp. CEO Jensen Huang signaled a pivotal shift in the chip giant’s investment strategy during remarks at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday. He revealed that the company’s recent $30 billion investment in Artificial Intelligence startup OpenAI was potentially its last before the startup’s initial public offering.
Huang clarified that a potential $100 billion follow-on investment, as discussed last September as part of a deal, was probably not slated for before the IPO. “The reason for that is because they’re gonna go public. I’m fairly sure that if we provide the capacity they need, which the compute capacity they need, which we’re ramping up hard to go to, the revenues will more than follow,” Huang said at the conference.
Consequently, the CEO extended this strategic pivot to another major AI investment. Huang added that Nvidia’s $10 billion investment in rival Anthropic would also potentially be its last round. You can get updates to this developing story directly on Stocktwits.
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