Nvidia CEO Huang says $30 billion OpenAI investment 'might be the last'

During the Morgan Stanley Technology, Media & Telecom Conference, Nvidia's CEO Jensen Huang revealed that the company's recent $30 billion investment in OpenAI could potentially be its last before the AI company goes public later this year. Huang explained that while there was previously talk of a massive $100 billion investment in OpenAI as part of a broader infrastructure deal announced in September, such plans are now unlikely given the impending public offering. Huang emphasized that the transition to a public company alters the dynamics of investment opportunities. He stated, "The reason for that is because they're going to go public." This significant investment from Nvidia was part of a larger $110 billion funding round that OpenAI disclosed recently, which also featured a $50 billion commitment from Amazon and an additional $30 billion from SoftBank. Furthermore, Huang noted that Nvidia's $10 billion investment in Anthropic, a competitor to OpenAI, is also expected to be its final move in that area. This announcement marks a critical moment in the evolving landscape of AI investments, highlighting the strategic shifts as major players prepare for public market engagements.