Chatgpt IPO Nvidia OpenAI: Nvidia OpenAI-Chatgpt IPO push: Jensen Huang-led AI giant eyeing big Initial Public Offering options
Huang told CNBC Nvidia’s plans to invest in OpenAI are on track following recent reports that the deal has been stalled. The chip maker announced plans to invest up to $100 billion in the startup last September.
“We will invest in the next round,” Huang told CNBC’s Jim Cramer. “There’s no doubt about it. There’s no drama. Everything is fine,” Nvidia CEO said.
OpenAI is unhappy with some of Nvidia’s latest AI chips and has been looking for alternatives since last year, Reuters reported on Monday; This potentially complicates the relationship between the two highest-profile players in the AI boom.
Meanwhile, Nvidia-backed British artificial intelligence group Nscale Global Holdings has hired Goldman Sachs and JPMorgan to prepare for its initial public offering, sources familiar with the matter said.
According to Reuters, the sources said that “the timeline for the potential listing has not yet been determined” and that they asked not to be identified as “talks are private”.
The move to public listing follows a period in which Nscale expanded its data center capacity to meet growing 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 accelerate data center construction. Bloomberg reported last month that Nscale was working with banks on a new $2 billion financing round just three months after raising $1.1 billion from investors, giving the company a valuation of about $3.1 billion.
The Financial Times reported in October that Nscale was planning an IPO in the second half of 2026. The company said it will distribute about 200,000 Nvidia chips for Microsoft to data centers in Europe and the United States in October. Nscale is also part of a $1 billion partnership with OpenAI and Aker announced in July to build a large-scale AI data center in Norway.
Founded in 2024, Nscale is known as “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 computing similar to peers like CoreWeave. The importance of the model is growing as AI computing demand outstrips hyperscaler supply and the role of specialized GPU-focused operators in the AI ecosystem is increasing.
CoreWeave went public in March 2025 at a fully diluted valuation of approximately $23 billion. The market cap increased significantly in the following year, reaching around $46 billion to $48 billion by early 2026.
