Jensen Huang supports Nvidia's role in OpenAI IPO, dismisses Sam Altman drama

Nvidia's Jensen Huang expressed interest in a potential investment if OpenAI were to launch an IPO.

During an interview on CNBC's "Mad Money" on Tuesday, Huang noted that any talk of discord between Nvidia and OpenAI CEO Sam Altman was unfounded, countering speculation about any strife between the firms.

"Our initial agreement stands," the Nvidia CEO remarked, referring to their previous agreement with OpenAI from September, which could see up to $100 billion invested in the AI enterprise.

"Looking forward, there's a possibility of an IPO," he stated. "We're eager to be involved in that too," he added.

Huang also highlighted OpenAI as an exceptional company and stated that Nvidia is "thrilled to invest in it."

His remarks follow reports indicating internal concerns regarding the agreement.

The Wall Street Journal disclosed on Saturday that the investment raised questions within Nvidia, as some executives were apprehensive, as per sources close to the matter.

Additionally, Reuters indicated on Tuesday that OpenAI had concerns with newer Nvidia chips and was exploring alternatives since last year, as per individuals familiar with the situation.

Huang addressed rumours in Taipei on Saturday, calling any dissatisfaction with OpenAI "unfounded."

"We're about to make a substantial financial investment, possibly the largest we've done," he stated.

Altman also contradicted tension rumours.

"We enjoy collaborating with NVIDIA, their AI chips are top-notch globally," Altman mentioned in a post on X on Tuesday.

OpenAI ranks as one of the foremost private AI firms globally and is a significant buyer of Nvidia's chips, which are crucial for developing and launching advanced language models.

The company hasn't made IPO intentions clear, but its required funding and computational needs have fueled discussions on how it plans to support ongoing growth.