Categories: Business

Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports

Published by TSG Syndication

Jan 30 (Reuters) - Nvidia's plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, the Wall Street Journal reported on Friday.  Both companies are rethinking the future of their partnership, and the latest discussions include an equity investment of tens of billions of dollars as part of OpenAI's current funding round, the Journal said, citing people familiar with the matter.  Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was non-binding and not finalized, the report said. Huang has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Alphabet's Google and Anthropic, the WSJ added. Reuters could not immediately verify the report. OpenAI and Nvidia did not immediately respond to Reuters' request for comment. (Reporting by Fabiola Arámburo in Mexico City; Editing by Chris Reese) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication