Nvidia (NASDAQ:NVDA) CEO Jensen Huang on Wednesday confirmed that the tech giant had invested in the latest funding round for Elon Musk’s generative artificial intelligence xAI (X.AI) in an interview.
Appearing on CNBC, Huang, 62, said he was excited about the Musk-led company’s financing opportunities and that he regretted not giving xAI even more money. Huang also pointed out that he wants to be involved in everything that Musk does. Musk is the CEO of Tesla (TSLA), SpaceX (SPACE) and brain-chip implant company Neuralink.
Staying on the subject of regret, Huang also expressed disappointment that Nvidia did not invest more money into CoreWeave (CRWV), an artificial intelligence data center technology company that has strong ties to Nvidia.
Huang’s comments come just days after a similar deal with xAI competitor OpenAI (OPENAI). As part of that deal, Nvidia intends to invest up to $100B in OpenAI in several tranches, as the ChatGPT maker builds and deploys at least 10 gigawatts of AI data centers with Nvidia systems.
He has previously said that every gigawatt of power is roughly 4M to 5M Nvidia GPUs. The first phase is targeted to come online in the second half of 2026 using Nvidia’s Vera Rubin platform.
Huang, who leads the world’s most valuable company, touched on a number of other subjects during his CNBC interview, including the fact that he did not know about the deal between AMD (AMD) and OpenAI. Like Nvidia’s deal with OpenAI, the two companies inked an agreement for OpenAI to deploy six gigawatts of AMD’s GPUs, over multiple years.
The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to start in the second half of 2026. AMD also issued OpenAI a warrant for up to 160M shares, which will vest upon achievement of milestones.