Jensen Huang declared Nvidia's recent investments in OpenAI and Anthropic are likely its last, citing the IPO window as the reason. Huang stated that once these companies go public later this year, the opportunity to invest closes. This follows a significant reduction from a $100 billion pledge to OpenAI to just $30 billion in their latest round.

While Nvidia benefits from selling chips to both companies, the circular nature of these deals and growing concerns about an AI investment bubble may have influenced the pullback. Huang dismissed theories of bad blood, though Nvidia's relationship with Anthropic remains fraught after a $10 billion investment last November.