Nvidia CEO makes surprising admission on OpenAI and Anthropic
- 2 hours ago
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THE STREET — Huang was candid about why Nvidia was not at the table when OpenAI and Anthropic needed their first major backing. "What they were trying to do couldn't have been done through VCs," he said, noting that frontier AI labs required funding at a scale of $5 billion to $10 billion. That is far beyond what traditional startup funding models could provide.
At the time, Nvidia lacked both the precedent and what Huang called the "sensibility" to deploy capital at that scale outside its core chip business, Benzinga noted.
Because Nvidia could not write those checks, the hyperscalers stepped in instead. Microsoft backed OpenAI. Google and Amazon backed Anthropic.
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