San Francisco — Nvidia’s plan to invest up to $100 billion in OpenAI has stalled, according to a report cited by Reuters, as internal concerns within the chipmaker have prompted a reassessment of the proposed deal.
The investment, first announced in September, was intended to provide OpenAI with significant capital and access to advanced computing chips to support the training and deployment of its latest artificial intelligence models.
However, people familiar with the matter told the Wall Street Journal that discussions between the companies are evolving, with the original agreement described as non-binding and not finalised. Current talks are said to include a potential equity investment of tens of billions of dollars as part of OpenAI’s ongoing funding round.
Nvidia CEO Jensen Huang has reportedly raised concerns in private discussions about OpenAI’s business discipline and the competitive landscape, including pressure from rivals such as Google and Anthropic.
In a statement to Reuters, an Nvidia spokesperson said the company has been OpenAI’s preferred partner for the past decade and expects the collaboration to continue.
OpenAI did not immediately respond to requests for comment.
The development comes amid heightened competition among major technology companies and investors seeking closer partnerships with OpenAI, which is investing heavily in data centre infrastructure. OpenAI is reportedly seeking to raise up to $100 billion in funding, potentially valuing the company at around $830 billion.
Source: Reuters
