Just FYI the previous deal was $100 billion, will we see the bubble pop soon? Can I buy RAM or any fricking component now?
Infinite funding.
Isn’t OpenAI also investing heavily into Nvidia? How the hell does that work? They’re just circulating money around?
Yes, yes they are.
I’m not qualified to explain this well. But there’s the concept of velocity of money. The higher velocity that’s supposed to mean the economy is doing good. Generally it’s between lots of people so it’s spread out. In this case it’s only between a small handful of companies, and as soon as it starts drying up then bad things can happen really quickly.
They are reducing their previous deal, it used to be 100$$, now it is 30B$
Now OpenAI can use this money that doesn’t exist to build datacenters that no one wants built powered by infrastructure that doesn’t exist, so they can offer a product no one wants to chase revenue that is impossible.
And in other news, people drink water when thirsty.
