Nvidia President and CEO Jensen Huang attends the 56th World Economic Forum Annual Meeting in Davos, Switzerland, January 21, 2026.
Dennis Bariboos | Reuters
Nvidia CEO Jensen Huang said the company’s plans to invest in OpenAI remain “on track” after recent reports suggested tensions between the two sides.
“There’s no drama involved. Everything is going well,” Huang told CNBC’s Jim Cramer on Tuesday. The full interview will be aired on “Mad Money” later that day.
In September, Hwang appeared with OpenAI CEO Sam Altman to announce a letter of intent in which the company would invest up to $100 billion in installments in the artificial intelligence lab. OpenAI builds an AI infrastructure based on Nvidia technology that requires up to 10 gigawatts of power.
But a November SEC filing said the deal had not yet been finalized, and concerns grew in the months since the announcement was just a press release. Last weekend, the Wall Street Journal reported that the deal was “on ice.”
Nvidia stock is down more than 3.4% today, leading the biggest decline in tech stocks, and is down 13% from its October high.
Huang said Tuesday that NVIDIA will invest in OpenAI’s next funding round, which he called “the largest private round in history.” CNBC reported last month that OpenAI was in fundraising talks for a round that could raise up to $100 billion.
“We’re going to invest in the next round,” Huang said. There’s no question about that.
He said NVIDIA is considering investing in future OpenAI rounds and would eventually like to participate in an OpenAI IPO.
Since its inception, OpenAI has used Nvidia’s graphics processing units to build and serve AI models.
But Altman has said in recent months that OpenAI doesn’t have enough chips to meet demand for its products such as ChatGPT, and that more computing power could generate even more revenue. OpenAI has chip agreements with Nvidia competitors, including: advanced micro device, broadcomand Cerebrus.
In a post to X on Monday, Altman responded to a chat about his company’s relationship with Nvidia.
“We love working with NVIDIA, which makes some of the best AI chips in the world,” he wrote. “We want to be a huge customer for a very long time. I don’t understand where all this madness is coming from.”
Spotlight: Nvidia and OpenAI respond to reports about relationship
