Nvidia founder and CEO Jensen Huang speaks about the Vera Rubin AI platform at the annual Consumer Electronics Show in Las Vegas, January 6, 2026.
Patricio T. Fallon | afp | fake images
NVIDIA CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI “could be the last time” it invests in the AI startup before it can go public toward the end of the year.
Huang said the opportunity to invest $100 billion in OpenAI, which was the figure the two companies touted as part of an infrastructure deal in September, is probably “not in the cards.”
“The reason is they’re going public,” Huang said during the Morgan Stanley Technology, Media and Telecommunications Conference on Wednesday.
Huang also mentioned that Nvidia’s $10 billion investment in OpenAI rival Anthropic would likely be its last.
Nvidia’s $30 billion investment in OpenAI was unveiled as part of a $110 billion funding round the startup announced on Friday. The round also included a $50 billion commitment from Amazon and a $30 billion commitment from SoftBank.
The September announcement, which shook the tech sector and sparked a flurry of subsequent infrastructure deals, outlined a structure in which Nvidia would invest in OpenAI for several years while bringing new supercomputing facilities online. By contrast, its $30 billion investment is not tied to any implementation milestones.
Questions about the scope of Nvidia’s relationship with OpenAI began to arise in November, when the chipmaker revealed in a quarterly presentation that the previously announced $100 billion deal may not come to fruition.
Nvidia included similar language in its February quarterly filing, noting that “there is no assurance that we will enter into an investment and partnership agreement with OpenAI or that a transaction will be completed.”
