/images/ppid_59c68470-image-177010006081722732.webp)
What is the story about?
OpenAI Chief Executive Sam Altman has rubbished reports of tensions with Nvidia, saying that the US chip giant makes “the best AI chips in the world”. Altman's statement came shortly after a Reuters report claimed OpenAI was unsatisfied with the latest artificial intelligence chips and was actively seeking alternatives.
What Altman said
In a post on X on Tuesday, February 3, OpenAI Chief Executive wrote, "We love working with NVIDIA, and they make the best AI chips in the world. We hope to be a gigantic customer for a very long time." Addressing the swirl of speculation, he added, "I don't get where all this insanity is coming from."
Why Altman said this
Altman posted on X to counter a Reuters report claiming that OpenAI was dissatisfied with NVIDIA's chips and has been looking for alternatives since last year, according to eight people familiar with the situation.
This decision by OpenAI to look for alternatives in the inference chip market is a key test of Nvidia's AI dominance, coming as the two companies are in investment negotiations. NVIDIA reportedly planned a $100 billion investment in OpenAI in September to gain an equity stake and fund OpenAI's chip purchases. The deal was expected to close within weeks but was delayed for months, Reuters reported.
What Jensen said
Speaking with reporters in Taiwan,Nvidia CEO Jensen Huang said that it’s ‘nonsense’ to say he’s unhappy with OpenAI, adding that the $100 billion was “never a commitment."
"I believe in OpenAI. The work that they do is incredible—they are one of the most consequential companies of our time, and I really love working with Sam. Sam is closing the round, and we will absolutely be involved. We will invest a great deal of money, probably the largest investment we’ve ever made," he said.
Asked if theinvestment would be $100 billion , he added, "No, no, nothing like that," and that Altman will determine the fundraising.
The $100 billion megadeal - Where it stands now
While both CEOs are publicly supportive, the deal's structure is shifting. According to a January 2026 report in the Wall Street Journal, Nvidia's potential $100 billion investment in OpenAI has stalled due to internal concerns about the deal.
While the deal is stalled, Nvidia is proceeding with a separate equity investment as part of OpenAI's effort to raise $100 billion from multiple partners.
As per an earlier The Wall Street Journal report,Amazon and SoftBank are reportedly in talks to invest tens of billions of dollars in the round.
In recent months, Huang has privately clarified that the initial $100 billion agreement was a non-binding proposal rather than a finalised commitment. Beyond the deal's structure, Huang has reportedly expressed scepticism regarding OpenAI’s business discipline and voiced concerns about the intense competitive pressure the company faces from rivals like Google and Anthropic, people familiar with the matter said.
What Altman said
In a post on X on Tuesday, February 3, OpenAI Chief Executive wrote, "We love working with NVIDIA, and they make the best AI chips in the world. We hope to be a gigantic customer for a very long time." Addressing the swirl of speculation, he added, "I don't get where all this insanity is coming from."
Why Altman said this
Altman posted on X to counter a Reuters report claiming that OpenAI was dissatisfied with NVIDIA's chips and has been looking for alternatives since last year, according to eight people familiar with the situation.
This decision by OpenAI to look for alternatives in the inference chip market is a key test of Nvidia's AI dominance, coming as the two companies are in investment negotiations. NVIDIA reportedly planned a $100 billion investment in OpenAI in September to gain an equity stake and fund OpenAI's chip purchases. The deal was expected to close within weeks but was delayed for months, Reuters reported.
What Jensen said
Speaking with reporters in Taiwan,Nvidia CEO Jensen Huang said that it’s ‘nonsense’ to say he’s unhappy with OpenAI, adding that the $100 billion was “never a commitment."
"I believe in OpenAI. The work that they do is incredible—they are one of the most consequential companies of our time, and I really love working with Sam. Sam is closing the round, and we will absolutely be involved. We will invest a great deal of money, probably the largest investment we’ve ever made," he said.
Asked if theinvestment would be $100 billion , he added, "No, no, nothing like that," and that Altman will determine the fundraising.
The $100 billion megadeal - Where it stands now
While both CEOs are publicly supportive, the deal's structure is shifting. According to a January 2026 report in the Wall Street Journal, Nvidia's potential $100 billion investment in OpenAI has stalled due to internal concerns about the deal.
While the deal is stalled, Nvidia is proceeding with a separate equity investment as part of OpenAI's effort to raise $100 billion from multiple partners.
As per an earlier The Wall Street Journal report,Amazon and SoftBank are reportedly in talks to invest tens of billions of dollars in the round.
In recent months, Huang has privately clarified that the initial $100 billion agreement was a non-binding proposal rather than a finalised commitment. Beyond the deal's structure, Huang has reportedly expressed scepticism regarding OpenAI’s business discipline and voiced concerns about the intense competitive pressure the company faces from rivals like Google and Anthropic, people familiar with the matter said.
/images/ppid_a911dc6a-image-177010052584129953.webp)
/images/ppid_a911dc6a-image-177010056233174762.webp)
/images/ppid_59c68470-image-177010008061344029.webp)
/images/ppid_59c68470-image-177010003911157188.webp)
/images/ppid_59c68470-image-177010011477732859.webp)
/images/ppid_59c68470-image-177010008718710034.webp)
/images/ppid_59c68470-image-177010005571615022.webp)