Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers

Nvidia CEO Jensen Huang stated at a conference that the company's investments in OpenAI and Anthropic are likely finished once those companies go public, as the opportunity for such investments closes then. While Huang cited the IPO window as the reason, the article suggests other dynamics might explain the pullback. Industry observers note that heavily investing in major customers creates conflicted arrangements, which might explain why Nvidia reduced its pledged $100 billion investment in OpenAI to $30 billion. Furthermore, recent tensions have surfaced, such as Anthropic's CEO criticizing U.S. chip companies selling high-performance processors to China, and the recent blacklisting of Anthropic by the Trump administration, juxtaposed with OpenAI securing a Pentagon deal. This leaves Nvidia holding stakes in two companies moving in divergent directions, suggesting the decision might be an exit from an increasingly complicated situation rather than just a timing issue related to IPOs.

(Source：TechCrunch)