Nvidia CEO Jensen Huang has said the company’s recent investments in OpenAI and Anthropic may be its last, as they plan to go public later this year.
While Nvidia said in September that it would invest up to US$100 billion in OpenAI, this deal reportedly stalled amid Huang’s concerns over OpenAI’s business approach and growing competition in the artificial intelligence sector. It instead invested $30 billion during OpenAI’s funding round last week.
“I think the opportunity to invest $100 billion in OpenAI is probably not in the cards,” Huang said at Morgan Stanley’s technology conference. “They're going to go public towards the end of the year, and so this might be the last time we'll have the opportunity to invest in a consequential company like this.”
“And our $10 billion investment in Anthropic probably will be the last as well,” said Huang. This investment was announced in November, with the companies agreeing to partner on chip design and engineering.
OpenAI is planning an initial public offering in 2026’s fourth quarter, per the Wall Street Journal. “There is definitely some excitement from various investors of ours to go public, and it is something that we are open to doing, but we need to figure out the right time to do it,” CEO Sam Altman said last week.
The company was valued at $730 billion before last week’s funding round. OpenAI will receive 3 gigawatts of inference capacity and 2 gigawatts of training capacity for its data centres on Nvidia’s Vera Rubin chip systems, alongside the $30 billion investment.
Apart from Nvidia’s contribution, the round also includes $30 billion from SoftBank and $15 billion from Amazon. Amazon will provide another $35 billion if OpenAI meets certain conditions, such as filing for an IPO.
Anthopic is also reportedly aiming for an IPO later in 2026 and was valued at $380 billion after a funding round in February.
