"Huang said in an interview on CNBC's "Mad Money" on Tuesday that there was "no drama" between Nvidia and OpenAI CEO Sam Altman, pushing back against recent chatter of tension in the relationship between the two companies. "The first deal is on," the Nvidia CEO said, referring to the company's September deal with OpenAI, under which the company said it planned to invest up to $100 billion in the AI startup. "And then there's, of course, an IPO in the future," he added. "We love to be participating in that as well," he added. Huang also described OpenAI as a "once in a generation company" and said Nvidia is "delighted to invest in it.""
"The Wall Street Journal reported on Saturday that the investment had sparked internal concerns at Nvidia, with some executives questioning the deal, according to people familiar with the matter. Separately, Reuters reported on Tuesday that OpenAI had been unhappy with certain newer Nvidia chips and had looked at alternatives since last year, citing people familiar with the matter. Huang told reporters in Taipei on Saturday that speculation of any dissatisfaction with OpenAI was "nonsense." "We will invest a great deal of money, probably the largest investment we've ever made," he added."
Nvidia expressed willingness to participate in a future OpenAI IPO and reaffirmed a September deal that included plans to invest up to $100 billion. Nvidia characterized OpenAI as a once-in-a-generation company and said the relationship contains no drama or dissatisfaction. Media reports indicated some internal unease at Nvidia about the scale of the investment and reported that OpenAI had evaluated alternatives to certain newer Nvidia chips. Both companies publicly emphasized continued cooperation, long-term customer relationships, and significant financial commitment from Nvidia toward OpenAI.
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