Nvidia (NASDAQ:NVDA) Chief Executive Jensen Huang told CNBC on Tuesday that the chipmaker remains prepared to consider investing in OpenAI's next fundraising round and in the artificial intelligence developer's eventual initial public offering.
During the interview, Huang pushed back on media reports that suggested strain between the two firms. "There’s no controversy at all. It’s complete nonsense. We love working with OpenAI," he said, rejecting the notion of disagreement.
Huang also stressed that Nvidia's investment timetable has not changed, telling CNBC's Jim Cramer: "There’s no drama involved. Everything’s on track." Those remarks underscore the company's current stance that plans to participate in future OpenAI financing events remain intact.
His comments arrive amid public speculation about the relationship between the AI chipmaker and the developer of ChatGPT. The company and executive quotes in this report reflect statements made during the interview; further context will be available when the complete segment is broadcast.
The full interview with Huang is scheduled to air later Tuesday on CNBC's "Mad Money" program.
Context and implications
On the factual points he reiterated - consideration of investing in OpenAI's next fundraising round and in its eventual IPO - Huang left no indication that Nvidia's approach had changed. His comments emphatically denied reports of a rift, while reaffirming that the company's plans are continuing as intended.
Because the remarks were given in a brief broadcast interview and the full interview is due to air later in the day, additional nuance or elaboration may appear when the segment runs in full.
- Direct quotes - "There’s no controversy at all. It’s complete nonsense. We love working with OpenAI."
- Timing - The complete CNBC interview will be broadcast later Tuesday on "Mad Money."
- Company - Nvidia (NASDAQ:NVDA) is the firm referenced in relation to potential investment activity.