Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 11 submissions in the queue.

$100 Billion Mega Deal Between OpenAI and Nvidia is on Ice

posted by janrinok on Tuesday February 03, @09:29AM   Printer-friendly

An Anonymous Coward writes:

The Wall Street Journal reports that NVIDIA's plan to invest $100 Billion in OpenAI may fall through.

Links:

According to "people familiar with the matter," Jen-Sen Huang has been privately downplaying the $100 billion / 10 gigawatt deal that was announced with OpenAI this past September. According to the WSJ's sources, talks between the two companies never got past "early stages." The article also claims that Jen-Sen has asserted, in private, that the September deal was non-binding. This is corroborated by a November filing by Nvidia admitting that there was "no assurance" of a "definitive agreement" with OpenAI. (CNBC source: https://www.cnbc.com/2025/11/19/nvidia-says-no-assurance-of-deal-with-openai-after-100-billion-pact.html )

Furthermore, on Saturday, Jen-Sen told reporters in Taipei that, while Nvidia will invest "a great deal of money" in OpenAI's latest funding round, it would be "nothing like" $100 billion. (Bloomberg link: https://www.bloomberg.com/news/articles/2026-01-31/nvidia-to-join-openai-s-current-funding-round-huang-says ).

However, the NVidia CEO Jensen Huang said Saturday that a recent report of friction between his company and OpenAI was "nonsense."

This is probably a good reminder to be skeptical of media reports of a deal in dollars or in gigawatts. Was a contract actually signed, or was it just an announcement?

Original Submission

 
This discussion was created by janrinok (52) for logged-in users only, but now has been archived. No new comments can be posted.
$100 Billion Mega Deal Between OpenAI and Nvidia is on Ice | Log In/Create an Account | Top | 7 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 5, Touché) by looorg on Tuesday February 03, @01:55PM (1 child)

    by looorg (578) on Tuesday February 03, @01:55PM (#1432352)

    But how will they inflate each others stock prices or ipo:s now that they can't, or won't, circle jerk each other all day long ...

    Starting Score:    1  point
    Moderation   +3  
       Touché=3, Total=3
    Extra 'Touché' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   5  

  • (Score: 2) by Revek on Tuesday February 03, @03:09PM

    by Revek (5022) on Tuesday February 03, @03:09PM (#1432362)

    pop pop, fizz fizz, oh what a relief it is.

    --
    This page was generated by a Swarm of Roaming Elephants