Nvidia will not be able to invest US$100 billion in OpenAI due to IPO, CEO Jensen says

Nvidia CEO Jensen Huang. (AP Photo/Michel Euler)

Nvidia CEO Jensen Huang said that the opportunity to invest $100 billion in OpenAI is probably not in the cards as the ChatGPT creator is set to go public later this year.

“We’re going to invest $30 billion in OpenAI. I think the opportunity to invest $100 billion in OpenAI is probably not in the cards and the reason for that is because they’re going to go public,” Jensen said at the Morgan Stanley Technology, Media and Telecom conference on Wednesday.

(Reporting by Juby Babu in Mexico City; Editing by Shinjini Ganguli)