"Sam Altman appears tired of having to justify how OpenAI will pay for its trillion-dollar-plus spending commitments as a startup bringing in a fraction of that in annual revenue. In a testy moment during a recent podcast interview with investor Brad Gerstner on the "Bg2 Pod," Altman was asked "the single biggest question" that is "hanging over the market." "How can a company with $13 billion in revenues make $1.4 trillion of spend commitments?" Gerstner asked the OpenAI CEO. "You've heard the criticism, Sam.""
"OpenAI has invested heavily in infrastructure and compute, striking multi-billion-dollar deals to secure more Nvidia chips and energy to fuel its AI ambitions. The latest came Monday morning, when OpenAI announced a $38 billion partnership with AWS. "If you want to sell your shares, I'll find you a buyer," Altman said in response to Gerstner's question. "Enough." Altman disputed the $13 billion in OpenAI revenue that Gerstner listed before launching into a greater defense. "I think there's a lot of people who talk with a lot of breathless concern about our compute stuff or whatever that would be thrilled to buy shares," Altman said. "We could sell your shares or anybody else's to some of the people who are making the most noise on Twitter about this very quickly.""
Sam Altman dismissed criticisms of OpenAI's trillion-dollar-plus compute spending and defended the company's aggressive infrastructure investments. He pushed back on a $13 billion revenue figure cited by an investor and argued that shares are in demand, offering to find buyers for skeptics. OpenAI has secured multi-billion-dollar deals for Nvidia chips and energy and announced a $38 billion partnership with AWS to support its compute needs. Altman acknowledged the risk, saying the company might fail, but framed the spending as a deliberate bet to advance its AI ambitions.
Read at Business Insider
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