Nvidia CEO Hints at Halting Investments in OpenAI and Anthropic

Nvidia's $30B investment in OpenAI "may be the last," says CEO Jensen Huang.

Nvidia’s recent $30 billion investment in OpenAI “may be the last” before the AI startup goes public, according to Jensen Huang, the CEO of the tech giant, speaking at a Morgan Stanley conference.

He stated that the $100 billion deal both companies discussed in September 2025 “does not seem feasible.”

“The reason is that they are going to go public,” Huang added.

He also mentioned that investments amounting to $10 billion in Anthropic are likely to be the last for similar reasons.

Non-binding Agreement

Besides the $100 billion investment, the September memorandum of strategic partnership between OpenAI and Nvidia envisioned the construction of AI infrastructure with a capacity of 10 GW.

At the time of the agreement, Nvidia’s CEO called the deal the next breakthrough in artificial intelligence. However, he later began to criticize OpenAI and its business strategy. In November, the chip manufacturer reported in its quarterly report that the previously announced investment might not proceed.

At the end of January 2026, Wall Street Journal insiders indicated a “freeze” on the agreement. Meanwhile, Huang denied the journalists’ claims.

In its February quarterly report, Nvidia also noted that “there are no guarantees” of reaching an agreement with Sam Altman’s company.

OpenAI announced the latest $30 billion investment from the tech giant on February 27. The same round, totaling $110 billion, included contributions from SoftBank ($30 billion) and Amazon ($50 billion). Under the agreement, the AI project received additional capacity of 5 GW from Nvidia—half of what was previously promised.

It is likely that by reducing investments, Huang and his company are attempting to shield themselves from risks and undue public attention. Last year’s announcement of large investments sparked debates about a “swelling AI bubble.”

MIT Sloan Professor Michael Cusumano described the deal as “a waste” in an interview with Financial Times. He pointed out the circular nature of the announcements: Nvidia invests $100 billion in OpenAI shares, and the startup announces the purchase of the tech giant’s chips for the same amount.

Nevertheless, Nvidia still holds significant stakes in OpenAI and Anthropic. Both startups continue to utilize the corporation’s technologies and capacities.

Back in October 2025, media reported that Altman’s company was preparing to go public with a valuation of $1 trillion. Reuters sources expect the application to be filed in the second half of 2026.