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#Nvidia and OpenAI's $100 Billion Investment Plan Suspended Nvidia's plan to invest up to $100 billion in the AI giant OpenAI has been halted due to strategic concerns from company management.
Nvidia CEO Jensen Huang expressed concerns about OpenAI's business strategy and its competitiveness against strong rivals like Google and Anthropic, leading to a deadlock in negotiations.
The uncertainty surrounding this massive, non-binding deal, expected to have a major impact on the technology world, could alter the course of capital flows in the sector.
$NVDAON