Nvidia chief executive Jensen Huang said the company’s latest investments in artificial intelligence startups OpenAI and Anthropic may be its last in those firms as both companies prepare for potential stock market listings later this year.
Speaking at the Morgan Stanley Technology, Media and Telecom conference on Wednesday, Huang said the opportunity for Nvidia to make a massive investment in OpenAI is likely closing as the company moves toward an initial public offering.
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Nvidia and OpenAI had previously announced plans for a $100 billion investment deal in September last year. However, Huang said Nvidia has instead finalized a $30 billion investment in the ChatGPT developer, describing it as possibly the last chance for the chipmaker to invest in a company of such scale and influence.
OpenAI has been preparing the groundwork for a highly anticipated public offering that could value the company at up to $1 trillion, according to earlier reports.
Huang also said Nvidia’s $10 billion investment in artificial intelligence startup Anthropic could be its final financial commitment to that company as well. Anthropic is also reportedly considering an initial public offering this year, though the company has not confirmed a final decision.
Neither OpenAI nor Anthropic immediately responded to requests for comment regarding Huang’s remarks.
The evolving investment landscape highlights Nvidia’s growing influence in the AI industry. As the world’s leading supplier of advanced chips used to train and run AI models, the company has become a key partner for major technology firms developing large-scale artificial intelligence systems.
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However, some analysts have raised concerns about the complex financial relationships emerging in the sector. Reports earlier this year suggested Nvidia and OpenAI had stepped back from the originally proposed $100 billion deal amid broader worries about the health of the rapidly expanding AI market.
Observers also pointed to the circular nature of certain investments, where funds provided to AI startups could ultimately be spent purchasing Nvidia’s own processors used for training advanced AI systems.