Nvidia’s Jensen Huang admits he erred in not backing OpenAI, Anthropic early on
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Nvidia CEO Jensen Huang admitted to missing early investment opportunities in OpenAI and Anthropic, citing his company's inability to commit multi-billion-dollar investments at the time. Nvidia has since invested $30 billion in OpenAI and up to $10 billion in Anthropic.
Nvidia CEO Jensen Huang acknowledged missing early investment opportunities in OpenAI and Anthropic. At the time, Nvidia wasn't in a position to commit multi-billion-dollar investments. Hyperscalers like Google and Amazon Web Services stepped in with large funding commitments, ensuring companies like Anthropic relied on their infrastructure. Huang said he didn't realize the difficulty of building a foundation AI lab and the need for huge investments. Nvidia has since invested $30 billion in OpenAI and up to $10 billion in Anthropic to support their AI development. Nvidia is now backing a wide range of businesses across the AI ecosystem.
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