Nvidia's Jensen Huang criticized OpenAI's business strategy as the chip giant plans to invest up to $100 billion into the AI startup, per reports.

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Nvidia's stock dropped 1.1% following reports of uncertainty around its planned $100 billion investment in OpenAI. CEO Jensen Huang had previously criticized OpenAI's business strategy and expressed concerns about competition, though he later denied being unhappy with the partnership. Huang confirmed Nvidia will make a significant investment but clarified it won't exceed $100 billion. Market analysts suggest the uncertainty stems from concerns about circular financing in AI and Nvidia's strong negotiating position as it balances supporting OpenAI while avoiding funding competitors.

Nvidia shares are down after a report that its OpenAI investment stalled. Here’s what’s happening