Jensen Huang Hints Nvidia Will Pull Back from OpenAI and Anthropic Investments After IPOs

San Francisco — March 4, 2026 — Nvidia CEO Jensen Huang said at the Morgan Stanley Technology, Media and Telecom Conference that the company's investments in OpenAI and Anthropic will "likely be its last." As both AI companies prepare to go public later this year, Huang believes the investment opportunity will close.

$30 Billion Investment Finalized, But Possibly "Last Supper"

Huang revealed that Nvidia has finalized a $30 billion investment in OpenAI, but he also suggested this "might be the last time we have the opportunity to invest in a consequential company like this."

For Anthropic, Huang similarly hinted at a similar exit expectation. This means Nvidia is shifting from a "strategic investor" to a "pure chip supplier" role in the AI investment landscape.

Investment Logic Shift: From Ecosystem Layout to Core Focus

Nvidia's previous investments in OpenAI and Anthropic were viewed as an important part of its AI ecosystem strategy. By holding equity in AI model companies, Nvidia could not only get financial returns but also ensure priority access to GPU supply.

However, as AI companies go public one after another, Huang seems to believe the necessity of holding equity is declining. Nvidia's core competitiveness lies in chip design and manufacturing, not venture capital.

IPO Window Closes, AI Funding Landscape Changes

Both OpenAI and Anthropic are considered the most likely AI companies to go public this year. OpenAI's valuation has exceeded $100 billion, while Anthropic is close to $60 billion. As they transform from private to public companies, early investors like Nvidia may liquidate their stakes on secondary markets.

For the entire AI industry, Nvidia's exit signal may mark the end of an era—the model where tech giants bound AI model companies through equity investments is undergoing change.

*参考来源：TechCrunch、Reuters