Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic

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Nvidia, for its part, isn’t offering much more on the matter. When Nvidia first announced it would invest up to $100 billion in OpenAI last September, MIT Sloan professor Michael Cusumano described it to the Financial Times as “kind of a wash,” observing that “Nvidia is investing $100 billion in OpenAI stock, and OpenAI is saying they are going to buy $100 billion or more of Nvidia chips. ” Growing concern that such deals could be creating an investment bubble might explain why the commitment shrank.

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