NVIDIA CEO Jensen Huang revealed in a recent podcast that the company’s final investments in Anthropic and OpenAI may be nearing completion as both firms approach their IPOs. Huang explained that NVIDIA’s broad investment strategy—including stakes in CoreWeave, Intel, and Synopsys—is designed to avoid picking winners. The company has committed up to $10 billion to Anthropic in 2025 and $30 billion to OpenAI in 2026. As news around real-world assets (RWA) gains momentum, NVIDIA’s approach reflects its long-term vision across AI, robotics, and cryptocurrency developments.

Huo Xing Finance reports that NVIDIA CEO Jensen Huang stated on a recent Dwarkesh podcast that the company chooses to invest broadly across many technology firms rather than select a few winners for two reasons: first, picking winners is not NVIDIA’s responsibility; second, NVIDIA’s own history serves as a lesson.Huang noted that when NVIDIA was founded, there were 60 companies in the 3D graphics industry, and if the company had tried to predict which would succeed at the time, NVIDIA likely would have been ranked at the very bottom of the least promising list. Today, as the world’s most valuable company, NVIDIA has made extensive investments across the AI ecosystem, biotechnology, robotics, and autonomous driving, holding stakes in publicly traded companies such as CoreWeave, Intel, Synopsys, and Nokia.In the large language model space, NVIDIA committed in November last year to invest up to $10 billion in Anthropic and announced in February this year a $30 billion investment in OpenAI. At a meeting in March, Huang said that, given both companies are poised to go public, these may be NVIDIA’s final investments in them.