UPDATE January 31, 2PM
Nvidia CEO Jensen Huang publicly dismissed the report as nonsense and affirmed Nvidia’s intent to make a significant but unspecified investment in OpenAI as part of its broader fundraising
He claims “one of the most consequential companies of our time”.
“Complete nonsense” 🚨
Jensen Huang just shut down the “rift” with OpenAI on live TV, regarding that he’s disappointed in OpenAI
“That’s complete nonsense… We are going to make a huge investment in OpenAI.”
He didn’t stop there. Jensen confirmed they are doubling down on the… https://t.co/XQwBFQlLil pic.twitter.com/aW7G05hQ18
— Chris (@chatgpt21) January 31, 2026
Original Article:
Back in September 2025, Nvidia and OpenAI made headlines with what they called “the biggest AI infrastructure deployment in history”.
The plan was massive: a letter of intent for Nvidia to invest up to $100 billion in OpenAI, powering at least 10 gigawatts of data centers packed with millions of Nvidia GPUs, enough computing power to match the peak electricity demand of New York City.
Jensen Huang personally handed OpenAI its first DGX system back in 2016, so the two companies have a decade-long relationship. This deal was supposed to be the next chapter. Fast forward to January 30, and the Wall Street Journal dropped a bombshell: those $100 billion talks had completely stalled.
What went wrong behind the scenes
According to the WSJ report, internal doubts within Nvidia were the main reason the negotiations fell apart. But the real fireworks came from Jensen Huang himself.
The Nvidia CEO had been privately telling industry associates for months that the original $100 billion figure was never binding, it was just a letter of intent, not a done deal.
On top of that, Huang reportedly criticized what he called a “lack of discipline” in OpenAI’s business approach, and expressed concern about the growing competition OpenAI faces from heavy hitters like Google and Anthropic.
Meanwhile, Nvidia’s own SEC filing from November 2025 had already flagged that “there is no assurance” a definitive agreement with OpenAI would ever be reached.
The $100 billion was never included in Nvidia’s revenue forecasts or existing order backlog, a detail that flew under most people’s radar when the partnership was first announced.
So, what happens now?
Here’s where it gets interesting. Today, Jensen Huang stood in front of reporters in Taipei after hosting what Taiwanese media dubbed the “trillion-dollar dinner” with Nvidia’s key suppliers, including TSMC, and basically walked back the drama.
He called the idea that he was unhappy with OpenAI “nonsense”. Huang confirmed that Nvidia would “absolutely” participate in OpenAI’s current funding round, calling it what would probably be “the largest investment we’ve ever made”.
But when asked if that number would reach $100 billion, his answer was blunt: “No, no, nothing like that.” The deal isn’t dead, it’s just been scaled way down. OpenAI is currently seeking to raise up to $100 billion in total funding at a valuation of around $830 billion, with Amazon also in talks to invest as much as $50 billion.
Nvidia’s revised role looks more like a major equity investor in that broader round rather than the sole infrastructure financier it was originally positioned as. The AI race keeps getting reshuffled, and this is a pretty clear sign that even the biggest players are learning to play it a little more carefully.
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