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An Anonymous Coward writes:

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

Links:

• https://www.wsj.com/tech/ai/the-100-billion-megadeal-between-openai-and-nvidia-is-on-ice-aa3025e3 (Paywalled)
• Is the Stalled Nvidia-OpenAI Megadeal AI's First Domino to Fall?
• Stalled Deal?
• Nvidia CEO pushes back against report that his company's $100B OpenAI investment has stalled

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?

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