Overview
- Jensen Huang reiterated that Nvidia will invest in OpenAI’s current raise but not as a single or guaranteed $100 billion check.
- The September memorandum tying a 10‑gigawatt build to an up‑to‑$100 billion investment remains a non‑finalized letter of intent.
- Reuters reported OpenAI is dissatisfied with some Nvidia GPUs for certain inference tasks and has sought alternatives for roughly 10% of future needs.
- OpenAI has lined up additional compute through AMD, Broadcom and a more than $10 billion Cerebras deal, even as Altman and executives call Nvidia a core partner.
- Oracle said the Nvidia–OpenAI reports have zero impact on its $300 billion OpenAI agreement, as investors scrutinize circular financing and related stock volatility.