Nvidia CEO Denies Report of Stalled $100B OpenAI Investment

Huang insists Nvidia will 'definitely participate' in OpenAI's next funding round, calling the work of the AI company 'incredible'.

Jan. 31, 2026 at 12:15pm

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Nvidia CEO Jensen Huang has pushed back against a recent Wall Street Journal report that claimed there was friction between Nvidia and OpenAI, and that Nvidia was looking to scale back its planned $100 billion investment in the AI company. Huang insisted that Nvidia will 'definitely participate' in OpenAI's upcoming funding round, describing the AI company's work as 'incredible' and 'one of the most consequential of our time'.

Why it matters

The potential $100 billion investment from Nvidia was seen as a major vote of confidence in OpenAI and its work in advanced AI systems. Any scaling back of that investment could have significant implications for OpenAI's future plans and growth. Huang's strong defense of the partnership helps allay concerns about the relationship between the two tech giants.

The details

The Wall Street Journal had reported that Nvidia CEO Jensen Huang had begun emphasizing that the $100 billion deal with OpenAI was non-binding, and that he had privately criticized OpenAI's business strategy and expressed concerns about competition from companies like Anthropic and Google. The report also said the two companies were rethinking their relationship, though not necessarily cutting ties entirely, with recent discussions focused on a much smaller equity investment of just tens of billions of dollars from Nvidia.

  • On January 31, 2026, the Wall Street Journal published a report about friction between Nvidia and OpenAI.
  • On the same day, Nvidia CEO Jensen Huang pushed back against the report during a visit to Taipei.

The players

Jensen Huang

The CEO of Nvidia, a major semiconductor company that had announced plans to invest up to $100 billion in OpenAI.

OpenAI

An artificial intelligence research company that had announced a partnership with Nvidia to build computing infrastructure and receive a major investment from the chipmaker.

Sam Altman

The CEO of OpenAI.

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What they’re saying

“We will invest a great deal of money. I believe in OpenAI. The work that they do is incredible. They're one of the most consequential companies of our time.”

— Jensen Huang, CEO, Nvidia (Bloomberg)

What’s next

OpenAI is reportedly looking to raise a $100 billion funding round, with Nvidia, Amazon, Microsoft, and SoftBank all discussing potential investments.

The takeaway

Despite reports of friction, Nvidia's CEO remains firmly committed to supporting OpenAI's work, underscoring the importance of their partnership in the rapidly evolving field of advanced AI systems.