Nvidia CEO Jensen Huang has clarified that the previously reported $100 billion investment in OpenAI was never a firm commitment. He said the figure was an upper limit the company could consider, not a legally binding pledge.
Huang told reporters in Taipei that Nvidia will evaluate investment opportunities in OpenAI on a case-by-case basis. “It was never a commitment,” he said. “They invited us to invest up to $100 billion, and we will invest one step at a time.”
The announcement comes after paperwork signed in September 2025 suggested Nvidia could invest as much as $100 billion to help OpenAI build data centers and AI infrastructure. These facilities are planned to use large amounts of electricity and Nvidia chips for training and running AI models.
Recent reports suggested internal concerns at Nvidia about the size of the investment and OpenAI’s management practices. Some executives reportedly worried about excessive competition and the business structure. Huang dismissed such concerns, calling them “nonsense” while reaffirming his support for OpenAI.
Despite the clarification, Huang did not disclose exactly how much Nvidia will contribute. Analysts say the eventual investment will likely be significantly less than the reported $100 billion.
The situation highlights growing questions about financing in the AI industry. OpenAI is one of Nvidia’s largest customers, raising concerns about circular funding, where companies invest in firms that buy their products, potentially inflating market demand.
Nvidia is also investing $2 billion in CoreWeave, another cloud computing firm using Nvidia chips, to build AI infrastructure. This deal has fueled similar concerns about circular financing in the sector.
Huang remains bullish on AI and OpenAI’s work, but emphasized that Nvidia will take a measured approach to funding and support the industry strategically, rather than making massive upfront commitments.
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