Nvidia’s Huang Says $30B OpenAI Investment May Be Last Pre-IPO Deal
Synopsis
CEO Jensen Huang said at a conference on Wednesday that the potential to invest an additional $100 billion in the startup, as discussed in a deal in September, was probably not slated for before its IPO.
Nvidia Corp.’s CEO Jensen Huang said the semiconductor company’s recent $30 billion investment in artificial intelligence startup OpenAI was potentially the last investment before it went public.
Huang said at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday that the potential to invest an additional $100 billion in the startup, as discussed in a deal in September, was probably not slated for before the initial public offering.
“The reason for that is because they're gonna go public. I'm fairly sure that if we provide the capacity they need, which the compute capacity they need, which we're ramping up hard to go to, the revenues will more than follow,” Huang said.
The CEO also added that Nvidia’s (NVDA) $10 billion investment in rival Anthropic would also potentially be its last round.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.