In January, Huang dismissed the idea that Nvidia was backing away from OpenAI, saying, “we will invest a great deal of money. I believe in OpenAI. The work that they do is incredible.”
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But Dorsey’s statement comes as companies are still in the early stages of AI adoption. A 2025 McKinsey report found that most firms are still experimenting with AI implementation, and nearly two-thirds have yet to scale the technology. Moreover, a recent survey of 6,000 CEOs and other executives of firms across the U.S., the U.K., Germany, and Australia from the National Bureau of Economic Research found that AI has yet to show any major impact on their operations.