CEO of NVIDIA, Huang Renxun, recently gave a clear response to the widely discussed investment rumors at the Morgan Stanley Technology, Media & Telecommunications Conference. He stated that the $3 billion investment NVIDIA made in OpenAI "is likely to be the last," as the AI leader is accelerating its initial public offering (IPO) plan by the end of 2026.

This statement not only marks a shift in NVIDIA's investment strategy but also directly dispelled previous rumors that "NVIDIA might add another $10 billion investment." Huang Renxun explained that as OpenAI moves toward an IPO, the future capital arrangements and cooperation structure between the two companies will undergo fundamental changes. At the same time, he confirmed that NVIDIA's $1 billion investment in OpenAI's core competitor Anthropic is also highly likely to be the "end of the line."

In terms of computing power layout, this $3 billion investment is not just a simple financial injection. As part of the agreement, OpenAI will receive exclusive computing power resources, including 3 gigawatts (GW) of inference capabilities and 2 gigawatts of training capabilities. These massive computing powers will be built on NVIDIA's cutting-edge Vera Rubin system, aiming to provide the underlying power for OpenAI's next-generation models.

Industry analysts believe that NVIDIA is adjusting its focus as the AI wave evolves. Currently, AI applications have shifted from the early model training phase to the "large-scale inference" phase aimed at end users. To this end, NVIDIA is developing new chips specifically optimized for inference scenarios, and OpenAI is expected to be the biggest customer for this product.

Although the two companies are closely integrated in computing power, OpenAI is also actively seeking a diversified supplier. In addition to NVIDIA, OpenAI is heavily adopting Amazon's products for inference-optimized chips and continues to use Google's TPU. This "multi-point betting" strategy indicates that in the future, AI giants and chip leaders will have both deep mutual benefits and subtle games.

Key Points

  • 💰 The End of Investment: Huang Renxun confirmed that the $3 billion is NVIDIA's final major investment in OpenAI, and future collaboration will shift to a new framework after the IPO.

  • 🚀 Exclusive Computing Power Support: OpenAI has secured a total of 5 gigawatts of computing power based on the latest Vera Rubin system, used to support its training and inference operations.

  • ⚖️ Diversified Computing Power Layout: While maintaining cooperation with NVIDIA, OpenAI is introducing chip solutions from Amazon and Google to reduce supply chain risks.