Amazon, OpenAI And Nvidia Just Agreed To A $38 Billion Deal
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Yep, the Amazon corp just got a 5% stock boost from the announcement that OpenAI will access hundreds of thousands of Nvidia graphics cards through its cloud computing service.
It seems that no one got the memo that this is the same cloud computing service (AWS) that shut down the entire internet just a few weeks ago.
The deal is just one of many that OpenAI made recently. $300 billion with Oracle. $22 billion with CoreWave. Plue the ink’s only just dried on agreements with Broadcom, AMD, Nvidia and my mate Nigel who has a basement that they can use if Sharon kicks them out again.
And it looks like OpenAI might need it soon because lady and gentleman, the bubble is at a-bursting point.
Nvidia just topped $5 trillion. OpenAI is about to be worth $1 trillion with barely any revenue (but hey, they are a non-profit). And everyone’s getting into bed with each other, assuring that if one drowns, they all drown (not sure why the bed’s in the ocean, but here we are).
Maybe at least one of those data points will change soon however as OpenAI have started to work with Microsoft to see if they can change to a for-profit.
Let’s just see how all this pans out…
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