Nvidia CEO Says Firm Never Committed to $100 Billion OpenAI Investment

Group 1 - Nvidia's CEO Jensen Huang stated that the proposed $100 billion investment in OpenAI was "never a commitment" and emphasized a cautious approach to investment [1][3] - The initial letter of intent signed in September indicated Nvidia's intention to invest up to $100 billion to support OpenAI in building data centers and AI infrastructure using Nvidia chips [2] - Huang expressed concerns about OpenAI's business discipline and competition, which contributed to doubts within Nvidia regarding the investment [3] Group 2 - Huang affirmed his belief in OpenAI's work, calling it "incredible" and one of the most consequential companies of the time, while stating that Nvidia would still invest significantly [4] - OpenAI is reportedly accelerating plans for a potential initial public offering (IPO) that could occur as soon as the fourth quarter [4] - The investment landscape is being closely monitored as it will test investor appetite for large-scale AI growth stories that require substantial spending on chips and infrastructure [5] Group 3 - Recent research indicates that OpenAI's ChatGPT leads in consumer usage at 83%, significantly ahead of Google's and Microsoft's chatbots at 48% and 30% respectively [6] - The data reflects initial exposure to AI platforms rather than sustained engagement, suggesting that the first platform users encounter often becomes the reference point for the category [7]