Huang Dismisses $100B OpenAI Investment Rumors—What It Means for Tech’s Future
NVIDIA CEO Jensen Huang just threw cold water on the biggest tech funding rumor of the year. The supposed $100 billion OpenAI investment? He's calling it speculative noise.
The Numbers Game
When a figure like $100 billion gets floated, markets twitch. Huang's downplaying suggests the real capital flows might be more strategic—and less headline-grabbing. It's a reminder that in tech, announced numbers often serve narrative over substance.
Strategic Silence
Huang didn't deny future collaboration or investment. He simply reframed the conversation away from a single, staggering check. This move keeps options open while preventing market overreaction—a classic play from the Silicon Valley playbook.
The Finance Jab
Because let's be honest—when a CEO 'downplays' a $100 billion figure, it usually means the real deal is being negotiated somewhere far from the public eye. The finance world loves a big, round number; builders prefer quiet, strategic moves.
Watch where the capital actually lands, not where the rumors say it will.
Huang dismisses tension as ‘nonsense’, then cuts investment plans
The Wall Street Journal threw cold water on the deal Friday, reporting that the investment plans had hit roadblocks. According to unnamed sources who know about the situation, some people inside Nvidia started having second thoughts about the partnership. The newspaper said Huang had told people privately that the $100 billion figure wasn’t legally binding. He also reportedly criticized how OpenAI runs its business, saying the company lacks proper discipline, and worried about facing too much competition.
When reporters asked Huang on Saturday about the Journal’s story, which suggested tensions between him and OpenAI, he dismissed it sharply.
“That’s nonsense,” Huang said.
He went on to praise OpenAI and promise significant financial support. “We will invest a great deal of money,” Huang told reporters. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.”
While Huang called the planned investment “huge,” he stopped short of saying exactly how much Nvidia might actually put in. He did make clear that whatever Nvidia contributes to OpenAI’s current fundraising effort won’t come close to $100 billion.
The back-and-forth highlights growing worries about how money flows in the AI industry. Nvidia’s plan to invest heavily in OpenAI raises eyebrows because OpenAI is also one of Nvidia’s biggest customers, buying large quantities of its advanced chips. Critics increasingly question whether these arrangements — where tech companies invest in AI businesses that turn around and buy their products — create fake demand that makes the market look healthier than it really is.
CoreWeave deal adds to the pattern
Nvidia isn’t just doing this with OpenAI. The company recently said it would put another $2 billion into CoreWeave Inc., a cloud computing business that also buys lots of Nvidia chips. That deal targets building 5 gigawatts worth of AI technology infrastructure by 2030. When news of the CoreWeave investment broke on January 26, 2026, the company’s stock jumped 6 percent.
The CoreWeave partnership adds to concerns about this circular pattern in AI financing. Investors are starting to ask harder questions about whether these deals actually reflect genuine market demand or if they’re just tech companies propping up each other’s businesses through investments that eventually Flow back to themselves through product sales.
Despite the questions swirling around these investments, Huang remains bullish on OpenAI and the broader AI industry, even as he insists Nvidia will be more measured about how much it actually commits.
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