Nvidia will not be able to invest $100 billion in OpenAI due to IPO Business News & Hub

OpenAI and ⁠Anthropic did not ⁠immediately respond to Reuters requests for ‌comment [File]
| Photo Credit: REUTERS

Nvidia CEO ‌Jensen Huang said that ​the opportunity ⁠to invest $100 billion in OpenAI is probably not ‌in the cards as ‌the ChatGPT creator ‌is ⁠set to ⁠go public later this year.

Nvidia has finalised a $30 ​billion investment ‌in OpenAI, which might be the last time it has ‌the opportunity to “invest in ​a consequential company like this,” ⁠Huang said at the Morgan Stanley ‌Technology, Media and Telecom conference on Wednesday.

The AI giant’s $10 billion investment in Anthropic ‌probably will be the last ​as well, Huang added.

OpenAI and ⁠Anthropic did not ⁠immediately respond to Reuters requests for ‌comment.


Source: https://www.thehindu.com/sci-tech/technology/nvidia-will-not-be-able-to-invest-100-billion-in-openai-due-to-ipo-ceo-jensen-huang-says/article70705789.ece