Overview
- Jensen Huang reiterated that Nvidia will make a large investment in OpenAI and join the current funding round, but emphasized the plan is incremental rather than a single $100 billion commitment.
- The September memorandum to build 10 gigawatts of compute has not closed, with the Wall Street Journal reporting the arrangement has effectively stalled.
- Reuters reported OpenAI has been seeking alternatives for certain inference workloads—targeting roughly 10% of future needs—even as both companies publicly dismiss talk of a rift.
- Oracle declared the Nvidia‑OpenAI situation has zero impact on its OpenAI contract and voiced confidence in OpenAI’s fundraising, and the stock fell about 2.8% after the post.
- Nvidia shares slipped around 2% as investors assessed uncertainty over deal size and structure and the broader risk in circular AI financing models.