Nvidia’s $100 billion investment in OpenAI for AI models has hit a snag as doubts arise within Nvidia. Originally, the deal aimed to secure advanced chips for OpenAI’s ChatGPT, but discussions now include a smaller equity investment. Nvidia CEO criticizes OpenAI’s business approach and competition from Google and Anthropic.

Nvidia emphasizes the non-binding nature of the original $100 billion agreement, expressing concerns about OpenAI’s business approach and competition. Despite this, Nvidia remains OpenAI’s preferred partner for the last decade. Big Tech companies and investors like SoftBank are vying for partnerships with OpenAI to gain a competitive edge in the AI race.

Amazon is in talks to invest up to $50 billion in OpenAI, while OpenAI is seeking up to $100 billion in funding, valuing the startup at approximately $830 billion. The push for investments highlights the strategic importance of AI technology and data centers in the tech industry’s competitive landscape.

Read more at Yahoo Finance: Nvidia’s plan to invest up to $100 billion in OpenAI has stalled, WSJ reports