$100 billion megadeal between OpenAI and NVIDIA is on ice
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TAIPEI, Jan 31 (Reuters) - Nvidia plans to make a "huge" investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100 billion in OpenAI,
Gizmodo reached out to Nvidia for comment, and we will update this post if we hear back.
This is unusual territory for a tech stock that's usually leading the rally. Investors have been pivoting to other stocks, likely out of concern that Nvidia may have gotten too expensive. At $4.5 trillion in market cap, it's easily the most valuable stock on the market right now.
If historical patterns continue, forthcoming catalysts could again push NVIDIA shares substantially higher, providing considerable returns to investors. Nvidia is losing more than 4% of its market value in Suqian,
If money were not a factor, a Google software engineer says custom chips, like those from Broadcom , would always be his default selection to build cutting-edge artificial intelligence models. "I am a hundred percent using a custom chip of some sort if resources are not a constraint and I need to move fast and get as much training as possible,
A lot can happen in five years.
Nvidia’s stock has trailed the chip sector this year but Morgan Stanley thinks some investor concerns are overblown.
There's no promise of new hardware just over the horizon, but NVIDIA is still talking a little about what a new Shield TV might deliver.