Jensen Huang makes fun of OpenAI, says they can not beat 33-year-old Nvidia company

Nvidia CEO Jensen Huang appears unfazed by OpenAI’s efforts to develop its own AI chips, saying his company’s decades of experience and scale give it a strong advantage in the increasingly competitive AI hardware market. During a CNBC interview, Huang was asked whether OpenAI’s move into chip development had hurt him personally. The question was whether he would be upset if a major customer started building technology that could compete with Nvidia. Huang dismissed the idea, saying Nvidia has seen similar projects come and go over the years.

"You know. I am okay with it. There are so many XPUs that are being announced and as we know, it is not easy what we do. We have been doing this for 33 years,” Huang said.

He added that Nvidia is comfortable with competition because of its ability to develop technology at scale and supply the infrastructure needed by major AI companies.

“And so, I don't have to take anything personally because I have got so much confidence in what we are able to deliver,” Huang said.

Huang also pointed to Nvidia’s position in the AI market, arguing that the growing number of rival chips has not weakened the company’s standing. Instead, he said Nvidia is continuing to gain market share while its growth and technology leadership are increasing.

“Look at all of the XPUs announcements and all the startups that have been announced and yet today and yet today, Nvidia is increasing our market share of the AI market. Our growth is accelerating. Our technology leadership is extending,” he said.

His comments come as OpenAI and other major AI companies look to reduce their dependence on Nvidia’s GPUs. OpenAI has been working on its own AI accelerator technology, adding another potential competitor to a market where Nvidia currently holds a dominant position.

Nvidia's AI investments face questions as revenue surges

Huang’s confidence was also supported by Nvidia’s latest financial results. The company reported $96.2 billion in revenue for its fiscal 2027 second quarter, more than twice its revenue from a year earlier. Data centre revenue rose 117% to $89 billion.

Beyond selling chips, Nvidia has also become a major financial player in the AI industry. The company has invested in AI firms including OpenAI and Anthropic and has provided financial support for large-scale data centre projects.

That strategy has attracted criticism, with some investors questioning whether Nvidia’s financing arrangements could create a cycle in which companies use Nvidia-backed funding to purchase Nvidia hardware.

Huang defended the approach, arguing that frontier AI companies require unusually large amounts of capital to build and operate their systems. He said some of these companies are not yet able to raise money cheaply because they lack long financial track records.