United Kingdom, Feb. 2 -- Nvidia CEO Jensen Huang has insisted the company's proposed $100 billion investment in OpenAI was "never a commitment".

Shares in Nvidia dipped on Monday (02.02.26) after the semiconductor giant clarified reports that Nvidia had pulled back from its pledge for the ChatGPT company and that any funding would be decided incrementally.

Speaking to reporters in Taipei, Taiwan, Huang said Nvidia had been invited to invest "up to $100 billion" as part of OpenAI's ambitious data centre expansion plans, but stressed the agreement was non-binding.

He said: "They invited us to invest up to $100 billion and of course, we were, we were very happy and honored that they invited us, but we will invest one step at a time."

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