Nvidia will consider investing in OpenAI IPO, Huang tells CNBC
Feb 3 (Reuters) – Nvidia (NVDA.O), CEO Jensen Huang told CNBC in an interview on Tuesday that the company would consider investing in OpenAI’s next fundraising round and the startup’s eventual IPO.
Huang told CNBC Nvidia’s plans to invest in OpenAI remained on track following recent reports that the deal had been stalled. The chipmaker had announced plans last September to invest up to $100 billion in the startup.
Huang told CNBC’s Jim Cramer, calling it the,
We will invest in the next round,
“largest private round ever raised in history”.
Nvidia plans to make a “huge” investment in OpenAI, probably its largest ever, Huang said on Saturday, denying he was unhappy with the ChatGPT maker.
OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters reported previously.
Both companies did not immediately respond to Reuters requests for comment.
OpenAI is unsatisfied with some of Nvidia’s latest artificial-intelligence chips and has sought alternatives since last year, potentially complicating the relationship between the two highest-profile players in the AI boom, Reuters reported on Monday.
Reporting by Juby Babu in Mexico City; Editing by Pooja Desai
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Nvidia will consider investing in OpenAI IPO, Huang tells CNBC, source
