NVIDIA (NVDA) CEO claims its investments in OpenAI & Anthropic 'might be the last'

Jensen Huang also shared that the rumored $100 billion investment into OpenAI is 'probably not in the cards.'

by · Shacknews

Over the last year, NVIDIA has had a lot of eyes on its investments, particular OpenAI. NVIDIA has been no stranger to working with OpenAI, and it just confirmed a $30 billion investment into Sam Altman’s AI tech firm. However, NVIDIA CEO Jensen Huang also shared that further investment into OpenAI shouldn’t be expected, including a rumored $100 billion deal. Anthropic, which NVIDIA also recently put $10 million into, was also looped into the conversation with similar sentiments.

Huang shared this commentary during a Morgan Stanley Technology, Media & Telecom Conference on Wednesday, as reported by CNBC. There, Huang said the reason for ceasing further investment deals with OpenAI was that the company is going public. To this effect, Huang also said that the rumored $100 billion for OpenAI is also “not in the cards.” According to Huang, it seems very likely that the $30 billion deal NVIDIA just made with OpenAI could be the end of foreseeable new investment agreements between the two companies.

NVIDIA (NVDA) stock was slightly up in after-hours trading on March 4.
Source: Google

Huang didn’t share any immediate rhetoric for looping Anthropic into the same sentiment, only warning that it’s also likely the last deal of the sort that NVIDIA cuts with OpenAI’s arguably main rival. This comes after NVIDIA spent $10 billion to help support the development of Anthropic’s Claude AI model.

NVIDIA has remained strong in the current AI climate and expects it will continue to grow with optimistic revenue forecasts. Nonetheless, it looks like OpenAI and Anthropic are off the table when it comes to the AI infrastructure deals NVIDIA has been making. Stay tuned to the NVIDIA topic for more updates.

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