Nvidia OpenAI-Chatgpt IPO push: Jensen Huang-led AI giant eyeing big Initial Public Offering options

Synopsis Nvidia CEO Jensen Huang has revealed the company's plans to invest in OpenAI remained on track following recent reports that the ​deal had been stalled. Nvidia would ⁠consider investing in ‌OpenAI's ‌next ‌fundraising round and also in the startup's ‌eventual ‍IPO, ‍CEO Jensen Huang told ‌CNBC in an interview ‍on Tuesday. Huang told ‌CNBC Nvidia's plans to invest in OpenAI remained on track following recent reports that the deal had been stalled. The chipmaker had announced ‌plans ‍last September to invest up ‍to $100 billion in the startup. "We ‌will invest in the next round," Huang told CNBC's Jim Cramer. "There is no question about that. There's no drama involved. Everything's ‍on track," Nvidia CEO stated. OpenAI is unsatisfied with some of Nvidia's latest artificial-intelligence ‍chips and ⁠has ⁠sought alternatives since last year, potentially complicating the relationship between the two highest-profile players in the AI boom, Reuters reported on Monday. Meanwhile, Nvidia-backed British artificial intelligence group Nscale Global Holdings has hired Goldman Sachs and JPMorgan to prepare for an initial public offering, people familiar with the matter said. Live Events The ‌timeline for ‌the potential listing has not yet been set, the sources said, asking not to be identified as ‌the discussions are private, Reuters reported. The move towards a public listing follows a period in which Nscale has expanded its data center capacity to meet soaring demand for AI computing from customers including Microsoft and OpenAI. In September, ​Nscale raised $1.1 billion from investors including Norway's Aker and ​Finland's Nokia to help accelerate its data center construction. Bloomberg reported last month ‌that Nscale ‍is working with the banks on a $2 billion new funding round, ‍just three month after raising $1.1 billion from investors, which gave ‌the company a valuation of around $3.1 billion. The Financial Times reported in October that Nscale plans an IPO in the back half of 2026. The company said in October it would deploy around 200,000 Nvidia chips for Microsoft across its data centers in Europe and the United States. Nscale is also part of a $1 billion partnership with OpenAI and Aker to build a large-scale ‍AI data centre in Norway, which was announced in July. Founded in 2024, Nscale is known as a so-called "neocloud," a vertically integrated ‍AI cloud platform ⁠that owns and ⁠operates its own data centers, GPUs, and software stack to deliver large-scale, GPU-powered AI compute, similar to peers such as CoreWeave. The model is growing in importance as demand for AI compute outpaces hyperscaler supply, increasing the role of specialized GPU-focused operators in the AI ecosystem. CoreWeave went public in March 2025 at a fully diluted valuation of about $23 billion. Its market capitalization climbed significantly in the year that followed, reaching approximately $46 billion to $48 billion by early 2026. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. ...moreless (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. ...moreless Explore More Stories Word of the Day: Accismus Alberta in shock after 3 junior hockey players killed in crash while heading to practice Transport Canada recalls nearly 20,000 Toyota vehicles over serious injury risk; Check out the reason behind this decision Quote of the day by ancient Greek philosopher Aristotle: 'Friendship is a single soul dwelling in...' Justin Bieber’s emotional return lights up Grammys 2026 after long hiatus Ashes of Creation future in jeopardy: CEO of Intrepid Studios Steven Sharif steps down, board’s WARN Act sends video game in cold storage; here’s what you need to know Quote of the day on truth and threat by Snoop Dogg: ‘I tell the truth and…’ ‘Canada is not Minnesota’: Canadian Minister makes big claim on immigration, opens up on US immigration raids weeks after Good and Pretti’s killing; here’s what he said Word of the Day: Lectern Extreme winter weather set to grip Canada this weekend, snow, freezing temperatures, and heavy rain across five provinces Three missing Quebec girls rescued in Richmond Hill, Toronto man and teen charged with human trafficking, police warn of potential additional victims Trump escalates US-Canada trade tensions, threatens Bombardier jets and 50 percent tariffs over aircraft certification dispute Quote of the day by Steve Jobs: ‘Innovation distinguishes between a…’ 1 2 3