Huang Renxun speaks out: The opportunity for OpenAI to receive a 100 billion investment has disappeared and denies the AI bubble, saying that growth is "unstoppable".

NVIDIA Corporation CEO Jensen Huang has stated that the company's investment in OpenAI will not reach $100 billion, which was previously the upper limit of funding promised by the chip giant to the startup. "I believe the opportunity to invest $100 billion in OpenAI may no longer exist," Huang said at the Morgan Stanley Tech Conference in San Francisco on Wednesday. He specifically mentioned OpenAI's plans to go public by the end of the year and emphasized, "This may be our last chance to invest in a company of such significant strategic importance." Last month, NVIDIA Corporation invested $30 billion in OpenAI's financing round, pushing the developer of ChatGPT to a valuation of $73 billion. While this is the largest single investment in a startup in the chip giant's history, it is significantly lower than the potential $100 billion financing amount discussed when the agreement was reached in September last year. The unexpected investment size has raised concerns about the strategic relationship between the leading AI company and the global leading chip manufacturer. However, on January 31, NVIDIA Corporation CEO Jensen Huang publicly praised OpenAI's work as "incredible" and called it "one of the most influential companies of our time." OpenAI declined to comment on this. Huang revealed that NVIDIA Corporation's recent $10 billion investment in OpenAI competitor Anthropic is likely to be the company's "final" major investment in the AI platform developer. Anthropic is currently preparing for its initial public offering (IPO). During the conference appearance, Huang further addressed some investors' strategic concerns about investing in AI-related companies and market concerns about the possibility of capital overinvestment forming a bubble. He reiterated the core argument: the scaled deployment of AI computing has created substantial revenue with sustained profitability for enterprises, including large public data center operators such as Microsoft Corporation. Huang emphasized that customer growth potential is significantly positively correlated with computing power - if customers can access more powerful computing support, their business growth will achieve a substantial increase. He backed this claim with specific data: "When computing power triples, sales of related customers will also triple." He also specifically pointed out that automation design software and computer suppliers like Cadence Design Systems and Synopsys, Inc. will occupy a larger and more strategic position in the industry ecosystem in the future. This statement briefly boosted the stock prices of the two companies. Huang highlighted NVIDIA Corporation's historic achievements and noted that the AI industry is just beginning a large-scale growth cycle. These positive statements pushed NVIDIA Corporation's stock price up to 2.6% during Wednesday's trading in New York, despite the latest earnings report not generating a strong investor response. "We have just achieved our best earnings performance in history," he said. "I believe other companies may have achieved higher returns, but in any case, our performance this quarter is outstanding. Listen, the momentum of rising stock prices is unstoppable." As of the time of this writing, NVIDIA Corporation closed up 1.66% on Wednesday, trading at $183.04.