OpenAI Investment Was ‘Never a Commitment,’ Nvidia’s Huang Says

Nvidia Corp. Chief Executive Officer Jensen Huang said the company’s proposed $100 billion investment in OpenAI was “never a commitment” and that the company would consider any funding rounds “one at a time.”

“It was never a commitment,” Huang told reporters in Taipei on Sunday. “They invited us to invest up to $100 billion and of course, we were, we were very happy and honored that they invited us, but we will invest one step at a time.”

As part of a letter of intent signed in September, Nvidia said it planned to invest as much as $100 ...