Nvidia Losing Confidence In OpenAI

TL;DR

Nvidia quietly backed out of its announced $100 billion investment in OpenAI, with CEO Jensen Huang privately criticizing the company's lack of discipline and concerns about ChatGPT losing market share.

Key Points

• 1.Nvidia announced $100 billion investment in September 2025 but hasn't wired a single penny in 4+ months
• 2.Wall Street Journal reported Nvidia "slow-walked" the deal and got cold feet
• 3.Jensen Huang privately criticized OpenAI's lack of discipline and worried about competition from Google and Anthropic
• 4.When confronted, Huang called the report "nonsense" but confirmed the original $100 billion deal won't happen
• 5.Nvidia will instead make a smaller investment in OpenAI's upcoming $100 billion funding round with other investors
• 6.OpenAI has committed to $1.4 trillion in data center spending with no clear funding secured for either the Stargate or Nvidia partnerships