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  "path": "/article/4128229/reports-of-nvidia-openai-deal-in-jeopardy-are-overblown-says-nvidias-ceo-huang.html",
  "publishedAt": "2026-02-05T18:27:02.000Z",
  "site": "https://www.networkworld.com",
  "tags": [
    "Artificial Intelligence, Industry, Markets, Technology Industry",
    "Nvidia CEO Jensen Huang",
    "CNBC host Jim Cramer",
    "others that the $100 billion deal",
    "Last November",
    "decide soon"
  ],
  "textContent": "Nvidia CEO Jensen Huang told CNBC there was no validity to the rumors that he is reconsidering scaling back on his $100 billion investment in data centers for OpenAI, in sharp contrast to reports from the Wall Street Journal.\n\nHuang appeared on CNBC’s Mad Money show on February 3 to discuss an alliance between Nvidia and Dassault Systemes (cq). CNBC host Jim Cramer initially discussed that news but then pivoted to the reports Nvidia was reconsidering the OpenAI investment.\n\n“Can we end this? Is there really controversy about this?” Cramer asked.\n\n“No, there’s no controversy at all. It’s complete nonsense,” Huang replied. “We love working with OpenAI, we are incredibly honored and delighted to be able to invest in their next round. [CEO Sam Altman] is doing terrifically, and we will invest in the next round. There’s no question about that.”\n\nThe story first appeared in the press last week, when insiders told Wall Street Journal and others that the $100 billion deal to build gigawatt data centers has yet to get out of the preliminary stage. Both sides are said to be reconsidering the deal, with Huang reportedly privately criticizing Altman’s way of operating.\n\nHuang is also said to be reevaluating OpenAI’s competitors, in particular Google’s Gemini and Anthropic’s Claude Opus, both of which have made impressive gains in usability and popularity. ChatGPT, meanwhile, has lost a little momentum and is no longer as synonymous with generative AI as it used to be, observers say.\n\nNvidia is not viewed as likely to walk away from the deal since it has made a significant investment in Open AI. Rather, Nvidia is likely to hedge its bets and no longer be exclusive with Open AI. It would not be alone in expanding its partnerships; Microsoft is also said to be looking to expand its agentive AI partnerships beyond just that with Open AI.\n\nAnd in fact that’s exactly what happened. Last November, Microsoft and Nvidia took stakes in Anthropic, with Microsoft investing $5 billion and Nvidia investing $10 billion in the Open AI competitor.\n\nWhen the letter of intention was signed last year, it said the first Nvidia systems were to be deployed in the second half of 2026. So time is running out to meet this deadline. If Nvidia is indeed getting cold feet, it’s going to have to decide soon, observers say.\n\nBut on CNBC, Huang didn’t sound like he was getting cold feet at all. “I don’t know any other company that possibly could do this,” he said. “All of this is possible because the amount of traffic, the amount of interest that they have in their in their product, what they need more than anything right now is compute. When they have compute, it will directly translate to revenues for them.”\n\nHe concluded with a fairly definitive statement: “As I’ve said before, this is a once in a generation company. We’re delighted to invest in it.”",
  "title": "Reports of Nvidia/OpenAI deal in jeopardy are overblown, says Nvidia’s CEO Huang"
}