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Nvidia CEO Jensen Huang: OpenAI deal is "close"

Nathan Bomey

Nvidia announced in September that it would invest up to $100 billion in OpenAI. Photo: VCG/VCG via Getty Images

Nvidia CEO Jensen Huang said Wednesday that the company is nearing a deal to finalize its investment in OpenAI.

Why it matters: Nvidia announced an agreement to invest up to $100 billion in the ChatGPT creator in September, but the deal hasn't yet closed, sparking fears that it could be in trouble.

Driving the news: Huang used Nvidia's earnings call on Wednesday as a platform to inspire confidence in the deal getting done.

"We continue to work with OpenAI toward a partnership agreement, and believe we are close," Huang said. "We are thrilled with our ongoing partnership with OpenAI, a once-in-a-generation company we've had the pleasure of partnering with since their first days."

Yes, but: The company is also working closely with OpenAI's competitors, including Anthropic's Claude, Google's Gemini and Elon Musk's Grok.

OpenAI reps did not immediately respond to a request for comment.

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Nvidia CEO Jensen Huang: OpenAI deal is "close"

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