Jensen Huang Says OpenAI Can’t Surpass Nvidia’s 33-Year Track Record
Nvidias CEO Jensen Huang seems unaffected by OpenAIs attempts to create its own AI chips. Jensen Huang states that Nvidia has years of experience and a big scale, which gives Nvidia an edge, in a market that is getting more and more competitive. In an interview with a famous publication Jensen Huang was asked whether OpenAIs attempt to develop chips had an effect on Jensen Huang or whether Jensen Huang would be bothered to see a major customer begin making technology that could compete with Nvidia. Jensen Huang downplayed that idea saying that Nvidia has seen similar projects come and go over years.
“You know, that’s fine. There are so many XPUs being announced, and as we know, what we do isn’t easy. We’ve been doing it for 33 years,” Huang stated.
He added that Nvidia is comfortable facing competition thanks to its ability to develop technology at scale and supply the infrastructure needed by leading AI companies.
“So, I don’t need to take it personally; I have full confidence in what we can deliver,” Huang declared.
Huang also highlighted Nvidia’s position in the AI market, arguing that the growing number of rival chips has not weakened the company’s standing. On the contrary, he noted that Nvidia continues to gain market share while its growth and technological leadership expand.
“If you look at all the XPU and startup announcements, you see that, to this day, Nvidia continues to increase its share of the AI market. Our growth is accelerating, and our technological leadership is solidifying,” he stated.
His comments come at a time when OpenAI and other major AI companies are seeking to reduce their reliance on Nvidia GPUs. OpenAI has been working on its own AI accelerator technology, thereby adding a new potential competitor to a market where Nvidia currently holds a dominant position.
Nvidia’s AI investments raise questions despite a sharp rise in revenue
Huang’s confidence was also bolstered by Nvidia’s latest financial results. The company reported revenue of $96.2 billion for the second quarter of its 2027 fiscal year—more than double the figure from a year earlier. Data centre revenue surged 117% to reach $89 billion.
Beyond chip sales, Nvidia has also become a key financial player in the artificial intelligence sector. The company has invested in AI firms—such as OpenAI and Anthropic—and provided financial backing for large-scale data centre projects.
This strategy has drawn criticism; some investors question whether Nvidia’s financing deals could create a cycle in which companies use funds backed by Nvidia itself to purchase the company’s hardware.
Huang defended this approach, arguing that cutting-edge AI companies require extraordinarily large amounts of capital to develop and operate their systems. He noted that some of these companies are unable to raise funds at low cost because they lack an established financial track record.