Nvidia Halts Plan to Invest $100 Billion in OpenAI, WSJ Says (1)

Nvidia Corp.’s negotiations to invest as much as $100 billion in OpenAI have broken down, the Wall Street Journal reported, exposing a potential rift between two of the most powerful companies in the artificial intelligence industry.

The discussions stalled after some inside Nvidia expressed concerns about the transaction, the Journal said, citing unidentified people familiar with the deliberations. OpenAI makes the popular chatbot ChatGPT, while Nvidia dominates the market for AI processors that help develop such software.

The companies announced the agreement in September, saying at the time that they had signed a letter of intent for a ...