Jensen Huang Said Nvidia's $30 Billion OpenAI Investment Might Be the Last. Nvidia Just Guaranteed Up to $105 Billion of OpenAI's Leases.
The chipmaker's support for OpenAI didn't end this year. It just changed form -- from buying shares to backing the value of the leases.
Overview
In March, Nvidia's (NASDAQ:NVDA) CEO, Jensen Huang, said at an investor conference that the company's recent $30 billion investment in OpenAI "might be the last time" it puts money into the artificial intelligence (AI) start-up.
That, however, wasn't a retreat. And Huang himself said so.
Details
"The reason for that is because they're going to go public," he explained, adding that the $100 billion investment the two companies promoted was likely "not in the cards."
Source
Originally published at www.fool.com.
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