"Nvidia announced Monday it would invest up to $100 billion in OpenAI in stages, with OpenAI using the money to "build and deploy at least 10 gigawatts of AI data centers with Nvidia systems.""
""Nvidia to pay openai so they can get paid by softbank so they can pay oracle to pay nvidia," CNBC's Steve Kovach joked on Bluesky."
"At the raging peak of the dotcom-era bubble in the late '90s and early 2000s, online ad giants like AOL Time Warner and high-flying telecoms like Qwest were accused of inflating revenue figures by essentially flooding customers with cash that the customers would then spend on ads or services."
Nvidia will invest up to $100 billion in OpenAI in stages to enable construction of at least 10 gigawatts of AI data centers using Nvidia systems. OpenAI announced additional Stargate commitments with Oracle and Softbank to build five new U.S. data centers, bringing committed funds to $400 billion toward a $500 billion goal. Google, Microsoft, Meta and Amazon forecast hundreds of billions more in AI data-center capital expenditures. Some observers raise concerns about closed-loop or circular funding among Nvidia, OpenAI, Oracle and Softbank. Historical dot-com-era parallels fuel skepticism, while tech giants emphasize funding from current profit cash rather than speculative paper gains.
Read at Axios
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