Overview

• Jensen Huang said Nvidia is already an investor in xAI and called it a rare case where he wishes he had committed more capital.
• The remarks came in a CNBC interview that addressed reports about Nvidia’s role in xAI’s fundraising and questions over so‑called circular financing.
• Huang praised Elon Musk’s record with Tesla and SpaceX, noting that Musk offered Nvidia the chance to invest and calling xAI a compelling opportunity.
• He placed xAI alongside OpenAI and Anthropic as part of a new generation reshaping computing, arguing today’s AI cycle differs from the dot‑com era given roughly $2.5 trillion in existing hyperscaler business.
• Huang said the transition to GPU‑powered generative AI marks a multi‑trillion‑dollar infrastructure buildout, adding that models now reason and use tools, token generation has turned profitable, and Nvidia engineers work with AI coding assistants like Cursor.